HomeMy Public PortalAboutNauset Schools -- 2021-01-28 Agenda (2) 9 1P
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NAUSET REGIONAL SCHOOL COMMITTEE
Thursday, January 28 , 2021
Posted 1 -25 -2021 Arl nn Consi lio AGENDA
Easthani Town [-lull 6 : 00 p. m .
Recording or taping notification ; "As required by the Open Meeting Law we are informing you that the District will be videotaping this
public meeting . In addition, if anyone else intends to either video or audio tape this meeting they are required to inform the Chair . "
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When ; Jan 28 , 2021 06 ; 00 PM Eastern Time ( US and Canada )
Topic : Nauset Regional School Committee/Joint Nauset SchoolCommittee
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I . CALL TO ORDER/AGENDA CHANGES
II . CITIZENS SPEAK
III . PRIORITY BUSINESS
Discussions and Vote of the Nauset Regional School District to authorize borrowing for the Proposed
Addition/Renovation of Nauset Regional High School for the MSBA Project ,
The District is authorized to borrow said amount, under and pursuant to G . L . c . 71 Section 16 (n) and the
District Agreement, as amended , or pursuant to any other enabling authority , j
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MOTION : That the Nauset Regional School District (the "District") hereby appropriates the amount of
One Hundred Thirty- One Million Eight Hundred Twenty-Five Thousand Six Hundred Sixty-Five
Dollars ($ 131 , 825 , 665 ) for the purpose of paying costs of renovating and adding to Nauset Regional
High School , located at 100 Cable Road, North Eastham , Massachusetts, including the payment of all
costs incidental or related thereto (the "Project") , which school facility shall have an anticipated useful I
life as an educational facility for the instruction of school children of at least 50 years , and for which the
District may be eligible for a school construction grant from the Massachusetts School Building j
Authority ("MSBA ") , said amount to be expended at the direction of the School Building Committee .
To meet this appropriation the District is authorized to borrow said amount, under and pursuant to G . L .
c . 71 , § 16 (n) and the District Agreement, as amended, or pursuant to any other enabling authority . The
District acknowledges that the MSBA ' s grant program is a non - entitlement, discretionary program based
on need as determined by the MSBA, and any Project costs the District incurs in excess of any grant
approved by and received from the MSBA shall be the sole responsibility of the District ; provided
further that any grant that the District may receive from the MSBA shall not exceed the lesser of ( 1 )
forty-three and thirty-nine hundredths percent (43 . 39 %) of eligible, approved Project costs, as
determined by the MSBA, and (2) the total maximum grant amount determined by the MSBA , and that
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the amount of borrowing authorized pursuant to this vote shall be reduced by any grant amount set forth
in the Project Funding Agreement that may be executed between the District and the
MSBA . Any premium received upon the sale of any bonds or notes approved by this vote, less any
such premium applied to the payment of the costs of issuance of such bonds or notes , may be applied to
the payment of costs approved by this vote in accordance with G . L . c . 44 , § 20 , thereby reducing the
amount authorized to be borrowed to pay such costs by a like amount .
If the District were to receive an MSBA grant in the amount of 43 . 39 % of eligible, approved Project
costs, it is anticipated that the net principal amount of this debt allocable to each member town of the
District, exclusive of interest, would be approximately as follows :
Member Approximate Member Approximate
Town Amount Town Amount
Brewster $ 45 , 8303225 Orleans $ 185157 , 605
Eastham $ 185871 , 224 Wellfleet $ 12 , 2905135
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The debt authorized by this vote of the Committee shall be submitted to the registered voters of
the District ' s member towns for approval at a District-wide election to be held on March 30, 2021 in
accordance with the provisions of G . L , c . 71 , § 16 (n) ,
The warrant calling the District-wide election to be held on March 30 , 2021 , in the form
presented to this meeting, is hereby approved, with such changes as bond counsel to the District shall
approve prior to its posting . "
IV . ADJOURNMENT
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The Nauset Public Schools does not discrintinate on the basis of race, color•, gender, religion, gender identity, national origin,
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homelessness, sexual orientation or disability.
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