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Administration Finance Committee
January 10, 2011
What was decided (4 motions)
4 carried, 0 recorded otherwise. Every motion below is printed as the minutes print it.
That Report FIN 11-02, 2011 Borrowing for Current Expenditures dated January 3, 2011, be received; And that temporary borrowing arrangements in the amount of $5,000,000 be approved; And that the Town Clerk be instructed to prepare the necessary by-law.
Moved by Alderman Kadwell, seconded by Alderman Finch
Carried
Resolved that the Post-Election Accessibility Report TC-11-01 dated Thursday, January 6, 2011 be received.
Moved by Alderman Kadwell, seconded by Alderman Finch
Carried
Resolved that Report FIN 11-01, 2011 Interim Tax Levy and Tax Rates dated January 3, 2011 be received; And that a By-law be prepared authorizing the taxation rates as outlined in Schedule "B"; And that the interim levy installment due dates be set as March 4 and May 6, 2011.
Moved by Alderman Mullins, seconded by Mayor Bentley
Carried
Resolved that Report FIN 11-03, 2011 Fidelity Bond Coverage dated January 3, 2011 be received; And that the insurance policy be deposited with the Treasurer for safekeeping and be made available for inspection by members of Council.
Moved by Alderman Finch, seconded by Alderman Kadwell