TOWN OF GRANBY
BOARD OF SELECTMEN
SPECIAL MEETING
MINUTES
JANUARY 24, 2011
First Selectman John Adams called the special meeting of the Board of Selectmen to order at 7:30 p.m.
PRESENT: John Adams, Ronald Desrosiers, B. Scott Kuhnly, Sally King, Mark Neumann, and William F. Smith Jr., Town Manager
A. Consideration and Signing of Call for Special Town Meeting
The Board of Selectmen must call for a town meeting to accept Powder Mill Lane. The call must be signed by a majority of the Selectmen for the town meeting to take place on February 7, 2011.
ON A MOTION by Selectman Desrosiers, seconded by Selectman King, the Board voted unanimously (5-0-0) to approve the call for a special town meeting on February 7, 2011.
B. Consideration of Capital Lease Purchase Program for 2010-2011
Every year the town budget includes approval for the lease purchase of certain items. This year the Board of Education has recommended small capital purchases to include buses, a truck, and computer and technology equipment. The town capital plan for 2010-2011 includes replacement and purchase of one medium duty truck with dump body, a mower, and an excavator.
The Simsbury Bank has again come in with the lowest rate for the five-year lease agreement and is recommended. It is necessary to approve a resolution to initiate this year’s plan.
ON A MOTION by Selectman King, seconded by Selectman Kuhnly, the Board voted unanimously (5-0-0) to approve the resolution below to enter into an Equipment Lease/Purchase Agreement (‘Promissory Note’) and a Loan Agreement in an amount up to $557,000 with The Simsbury Bank and Trust Company.
WHEREAS, the Town of Granby has entered or is entering into an Equipment Lease/Purchase Agreement (“Promissory Note”) and a Loan Agreement in an amount up to $557,000, with The Simsbury Bank and Trust Company;
NOW THEREFORE BE IT RESOLVED, that these Agreements are hereby approved, and that the action of the official of the Town of Granby in signing these Agreements on behalf of it be, and is hereby, ratified, confirmed, and approved; and
BE IT FURTHER RESOLVED, that the Town Manager of the Town of Granby, be, and is hereby authorized, empowered, and directed to sign on its behalf the Agreements and any addenda, schedules, notes, UCC financing statements, or other instruments issued under the provisions of the Agreement, and any other instruments or documents which may be necessary or expedient in connection with agreements upon or in fulfillment of the provisions of the Agreements.
ON A MOTION by Selectman Desrosiers, seconded by Selectman King, the Board voted unanimously (5-0-0) to adjourn the special meeting at 7:36 p.m.
Respectfully submitted,
William F. Smith, Jr.
Town Manager
| 
