TOWN OF
WARNING: NOTICE OF SPECIAL TOWN MEETING
The legal voters of the
Town of
1. To
discuss and consider a resolution (a) authorizing an appropriation of $5,300,000
to fund the costs of planning, design, renovation, construction, improvement,
acquisition and equipping of recreational facilities in the Town, comprised of
renovations of and improvements to Cadigan Park, the Town beach on Candlewood
Lake Road and Kid’s Kingdom on Pocono Road (the “Recreational Facilities
Improvement Project”); (b) authorizing the Town to issue its bonds or notes and
temporary notes in the aggregate maximum amount not to exceed $5,300,000 to
finance the appropriation for the Recreational Facilities Improvement Project,
and authorizing the First Selectman and the Treasurer to determine the amount,
date, interest rates, maturities, form and other details of the bonds or notes
and temporary notes; (c) declaring the Town’s official under Federal Income Tax
Regulations to reimburse itself from proceeds of borrowings for any temporary
advances of funds of the Town to pay Project costs; (d) authorizing the First
Selectman and the Treasurer to reduce the scope of the Recreational Facilities
Improvement Project and spend the entire amount of the appropriation on the
Project as so reduced in scope if the Recreational Facilities Improvement
Project cannot be completed for the amount appropriated; and (e) authorizing
the First Selectman, the Treasurer and other proper officers of the Town to (i)
make representations and enter into agreements to provide secondary market
disclosure information with respect to any borrowings for the Recreational
Facilities Improvement Project, (ii) apply for and accept Federal and State
grants to defray said appropriation and enter into grant agreements for the
accomplishment of the Recreational Facilities Improvement Project, the proceeds
of which grants may be used to pay project costs or principal and interest on
bonds or notes and temporary notes and shall reduce the amount of bonds or
notes issued pursuant to this resolution by the amount of grant funds, if any,
received for such Project unless an additional appropriation for the
expenditure of such grant proceeds is approved in accordance with the Town
Charter, provided, however, the authority to issue bonds or notes shall not be
reduced by any grant funds received or receivable by the Town pursuant to a
prior grant commitment, allocation or agreement
relating to any component of the Recreational Facilities Project for which
funds have been separately appropriated, and (iii) take all other action which
is necessary or desirable to complete the Recreational Facilities Improvement
Project and accomplish the above name purposes.
2. To
discuss and consider a resolution (a) authorizing an appropriation of $10,000,000
to fund the costs of the planning, design, construction, and improvement of
deteriorating roads throughout the Town (the “Town-wide Road Improvement
Project”); (b) authorizing the Town to issue its bonds or notes and temporary
notes in the aggregate maximum amount not to exceed $10,000,000 to finance the
appropriation for the Town-wide Road Improvement Project, and authorizing the
First Selectman and the Treasurer to determine the amount, date, interest
rates, maturities, form and other details of the bonds or notes and temporary
notes; (c) declaring the Town’s official under Federal Income Tax Regulations
to reimburse itself from proceeds of borrowings for any temporary advances of
funds of the Town to pay Project costs; (d) authorizing the First Selectman and
the Treasurer to reduce the scope of the Town-wide Road Improvement Project and
spend the entire amount of the appropriation on the Project as so reduced in
scope if the Town-wide Road Improvement Project cannot be completed for the amount
appropriated; and (e) authorizing the First Selectman, the Treasurer and other
proper officers of the Town to (i) make representations and enter into
agreements to provide secondary market disclosure information with respect to
any borrowings for the Town-wide Road Improvement Project, (ii) apply for and
accept Federal and State grants to defray said appropriation and enter into
grant agreements for the accomplishment of the Town-wide Road Improvement
Project, the proceeds of which grants may be used to pay project costs or
principal and interest on bonds or notes and temporary notes and shall reduce
the amount of bonds or notes issued pursuant to this resolution by the amount
of grant funds, if any, received for such Project unless an additional appropriation
for the expenditure of such grant proceeds is approved in accordance with the
Town Charter, and (iii) take all other action which is necessary or desirable
to complete the Town-wide Road Improvement Project and accomplish the above
name purposes. .
3. To discuss and act upon a
resolution setting
Copies of said
resolution are on file and available for public inspection at the Office of the
Brookfield Town Clerk.
Dated at
William R. Davidson, First Selectman
BOND RESOLUTION
OF THE TOWN OF
RECREATIONAL
FACILITIES Improvement Project
Item __. Upon the recommendation of the Board
of Selectmen and approval of the Board of Finance,
BE IT RESOLVED THAT:
(a) That the Town of Brookfield appropriate
(b) That the Town issue its serial bonds,
notes or obligations in an amount not to exceed
(c) That the Town issue and renew its
temporary notes from time to time in anticipation of the receipt of the
proceeds from the sale of the bonds or notes for the Recreational Facilities
Improvement Project, provided the amount of notes outstanding at any time shall
not exceed
(d) That the Town hereby declares its
official intent under Federal Income Tax Regulation Section 1.150‑2 that
Project costs may be paid from temporary advances of available funds and that
the Town reasonably expects to reimburse any such advances from the proceeds of
borrowings in an aggregate principal amount not in excess of the amount of
borrowing authorized above for the Recreational Facilities Improvement Project. The First Selectman and Treasurer are
authorized to amend such declaration of official intent as they deem necessary
or advisable and to bind the Town pursuant to such representations and
covenants as they deem necessary or advisable in order to maintain the
continued exemption from federal income taxation of interest on the bonds or
notes authorized by this resolution if issued on a tax‑exempt basis,
including covenants to pay rebates of investment earnings to the United States
in future years.
(e) That the First Selectman and the
Treasurer are authorized to reduce the scope of the Recreational Facilities
Improvement Project and spend the entire amount of the appropriation on the
Project as so reduced in scope if the Recreational Facilities Project cannot be
completed for the amount appropriated.
(f) That the First Selectman, Treasurer and
other proper officers of the Town are authorized to make representations and
enter into written agreements for the benefit of holders of the bonds or notes
to provide secondary market disclosure information, which agreements may
include such terms as they deem advisable or appropriate in order to comply
with applicable laws or rules pertaining to the sale or purchase of such bonds
or notes.
(g) That the First Selectman, Treasurer or
other proper officers of the Town designated by the First Selectman and the
Treasurer, as appropriate, are authorized to apply for and accept Federal and
State grants and/or loans to defray said appropriation and enter into contracts
and agreements for the accomplishment of the Recreational Facilities
Improvement Project. Any grant proceeds
may be used to pay Project costs or principal and interest on bonds, notes or
temporary notes. The authority to issue
bonds or notes under this resolution for the Recreational Facilities
Improvement Project will be reduced by the amount of grant funds, if any,
received by the Town for such Project unless an additional appropriation for
the expenditure of such grant proceeds on the Project is approved in accordance
with the Town Charter; provided, however, the authority to issue bonds or notes
under this resolution shall not be reduced by any grant funds received or
receivable by the Town pursuant to a prior grant commitment, allocation or
agreement relating to any component of the Recreational Facilities Project for
which funds have been separately appropriated.
(h) That the First Selectman, the Treasurer
and other proper officers of the Town are authorized to take all other action
which is necessary or desirable to complete the Recreational Facilities
Improvement Project and to issue bonds or notes to defray the aforesaid
appropriation.
BOND RESOLUTION
OF THE TOWN OF
__. Upon
the recommendation of the Board of Selectmen and approval of the Board of
Finance,
BE IT RESOLVED THAT:
(a) That the Town of Brookfield appropriate
(b) That the Town issue its serial bonds,
notes or obligations in an amount not to exceed
(c) That the Town issue and renew its
temporary notes from time to time in anticipation of the receipt of the
proceeds from the sale of the bonds or notes for the Town-wide Road Improvement
Project, provided the amount of notes outstanding at any time shall not exceed
(d) That the Town hereby declares its
official intent under Federal Income Tax Regulation Section 1.150‑2 that
Project costs may be paid from temporary advances of available funds and that
the Town reasonably expects to reimburse any such advances from the proceeds of
borrowings in an aggregate principal amount not in excess of the amount of
borrowing authorized above for the Town-wide Road Improvement Project. The First Selectman and Treasurer are
authorized to amend such declaration of official intent as they deem necessary
or advisable and to bind the Town pursuant to such representations and
covenants as they deem necessary or advisable in order to maintain the
continued exemption from federal income taxation of interest on the bonds or
notes authorized by this resolution if issued on a tax‑exempt basis,
including covenants to pay rebates of investment earnings to the United States
in future years.
(e) That the First Selectman and the
Treasurer are authorized to reduce the scope of the
(f) That the First Selectman, Treasurer and
other proper officers of the Town are authorized to make representations and
enter into written agreements for the benefit of holders of the bonds or notes
to provide secondary market disclosure information, which agreements may include
such terms as they deem advisable or appropriate in order to comply with
applicable laws or rules pertaining to the sale or purchase of such bonds or
notes.
(g) That the First Selectman, Treasurer or
other proper officers of the Town designated by the First Selectman and the
Treasurer, as appropriate, are authorized to apply for and accept Federal and
State grants and/or loans to defray said appropriation and enter into contracts
and agreements for the accomplishment of the Town-wide Road Improvement Project. Any grant proceeds may be used to pay Project
costs or principal and interest on bonds, notes or temporary notes. The authority to issue bonds or notes under
this resolution for the
(h) That the First Selectman, the Treasurer
and other proper officers of the Town are authorized to take all other action
which is necessary or desirable to complete the Town-wide Road Improvement Project
and to issue bonds or notes to defray the aforesaid appropriation.
RESOLUTIONS/MOTIONS FOR THE BOARD OF SELECTMEN
Item #_.
WHEREAS, the Board of
Selectman has received a request for approval of a $5,300,000 appropriation for
the planning, design, renovation, construction, improvement, acquisition and
equipping of recreational facilities in the Town, comprised of renovations of
and improvements to
(a) recommends that
the Town of
(b) approves the bond resolution for the Recreational
Facilities Improvement Project, substantially in the form attached hereto, with
such changes as the First Selectman shall determine and as are consistent with
Board of Finance approval of said appropriation and bond authorization; and.
(c) requests that a
copy of this resolution, including the attachments, be filed with the Town
Clerk and the Board of Finance.
[Attach Bond Resolution for Recreational
Facilities Improvement Project]
Item #_.
WHEREAS, the Board of
Selectman has received a request for approval of a $10,000,000 appropriation
for the planning, design, construction, and improvement of deteriorating roads
throughout the Town to be accomplished over a five to seven year period (the “
(a) recommends that
the Town of
(b) approves the bond resolution for the Town-wide
Road Improvement Project, substantially in the form attached hereto, with such
changes as the First Selectman shall determine and as are consistent with Board
of Finance approval of said appropriation and bond authorization; and.
(c) requests that a
copy of this resolution, including the attachments, be filed with the Town
Clerk and the Board of Finance.
[Attach Bond Resolution for
Item #_.
WHEREAS, the Town Charter
provides that upon recommendation by the Board of Selectmen and approval by the
Board of Finance, resolutions authorizing the issuance of bonds and/or notes of
the Town in excess of $1,000,000 be submitted for consideration at a duly
warned Town Meeting and be authorized at a referendum.
1. That subject to approval of each
project by the Board of Finance, that a Special Town Meeting be held on
2. That the Warning and Notice of Special Town Meeting in the
form attached hereto, with such additions and deletions to be made by the First
Selectman as may be necessary in order to be consistent with the approval of
the Board of Finance and for other matters to come before such Town Meeting, be
approved.
[Attach Draft Notice of