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Committee recommends Article 26 to reduce borrowing for Plymouth Area Coalition for the Homeless
Summary
Advisory & Finance recommended Article 26, which reduces borrowing by $2,489,359 for the Plymouth Area Coalition for the Homeless project to lower interest costs; the motion passed with a 10-0-2 tally, with two abstentions.
Mr. Bradley explained that Article 26 would reduce the town's borrowing requirement for the project tied to the Plymouth Area Coalition for the Homeless by $2,489,359, lowering the associated interest burden. He noted an open house on the project is scheduled for next week and committee members requested to be invited.
Committee members discussed project status and next steps. Christine Richards asked for status updates; Bradley said the open house is upcoming and invited committee input. The committee then considered the motion to recommend.
Joe Lalley moved and Myles Ramey seconded a motion to recommend Article 26. The Advisory & Finance Committee approved the recommendation with a recorded tally of 10 yes, 0 no and 2 abstentions (Everett Malaguti and Ms. Reitman recorded as abstaining).
