Franklin Matters: Resolution 14-45: Dedicated Override to fund Road Repair

Sunday, June 1, 2014

Resolution 14-45: Dedicated Override to fund Road Repair - $1.5 million

RESOLUTION 14-45

DEDICATED PROPOSITION 2-1/2 OVERRIDE BALLOT QUESTION
FOR STABILIZATION FUND FOR ROADWAY, SIDEWALK AND
RELATED DRAINAGE WORK

WHEREAS, Subsection g of GL Chapter 59 Section 21C (Proposition 2 ½)authorizes a municipality to assess taxes in excess of the amount otherwise allowed, to fund a stabilization fund for a stated purpose, and

WHEREAS, The Town of Franklin (Town) has a significant backlog of roadways, sidewalks, and related drainage which require work, the cost for which exceeds forty-eight million dollars, and

WHEREAS, The Town desires to undertake said work,

NOW THEREFORE, The Franklin Town Council, as the appropriating authority for Town, hereby seeks voter approval as authorized by GL Chapter 59 Section 21C (g) to assess taxes in excess of the amount otherwise allowed, for the purpose of funding a stabilization fund for roadway, sidewalk, and related drainage work, and hereby directs the Town Clerk to place the following question on the ballot to be decided by voters at the general election to be held on Tuesday November 4, 2014;

Shall the Town of Franklin be allowed to assess an additional $1,500,000 in real estate and personal property taxes for the purpose of funding a stabilization fund as provided in GL Chapter 40 Section 5 B, said funds to be expended solely for roadway, sidewalk and related drainage work for the fiscal year beginning July first, two thousand and sixteen?

This resolution shall become effective according to the provisions of the Franklin Home Rule Charter.

The full set of documents for the Town Council agenda for June 4, 2014 can be found here
http://town.franklin.ma.us/Pages/FranklinMA_CouncilAgendas/2014/050714.pdf