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Home My Public Portal About06-28-2011 Stabilization Fund renamedMichael J. Driscoll Town Manager TOWN OF WATERTOWN Office of the Town Manager Administration Building 149 Main Street Watertown, MA 02472 Phone: 617-972-6465 Fax: 617-972-6404 www.watertown-ma.gov towningr@watertown-ma.gov To: Honorable Town Council From: Michael J. Driscoll, Town Manager Date: June 23, 2011 RE: Resolution Renaming the NESWC/Capital Projects Stabilization Fund to the Capital Projects Stabilization Fund Attached please find a copy of Resolution 2005-78 establishing the NESWC/Capital Projects Stabilization Fund along with the related excerpt from the November 22, 2005 Town Council Meeting Minutes. As a follow-up to the discussion and Town Council's request at the June 21, 2011 Special Town Council Meeting, I respectfully request the attached Resolution be placed on the June 28, 2011 Town Council Agenda. Thank you for your consideration in this matter. cc: Phyllis L. Marshall, Town Treasurer/Collector Steven Magoon, Director of Community Development & Planning Mark R. Reich, Esquire, Kopelman and Paige, P.C. Thomas J. Tracy, Town Auditor ELECTED OFFICIALS: Mark S. Sideris, Council President ' Stephen 8. Corbett, Councilor At Large John A. Donohue, Councilor At Large Susan G. Falkoff, Councilor At Large Anthony Palomba, Councilor At Large Angeline B. Kounelis, District A Councilor Cecelia Lenk, District 8 Councilor Vincent Piccirilli, Jr., District C Councilor John J. Lawn, Jr., District D Councilor Watertown Town Council Administration Building 149 Main Street Watertown, MA 02472 Phone: 617-972-6470 Resolution # R -2011 - WHEREAS, the Town Council of the City known as the Town of Watertown established the NESWC/Capital Projects Stabilization Fund in accordance with the provisions of G.L. c. 40, § 5B by adoption of Resolution 2005-78 on November 22, 2005; and WHEREAS, all of the monies received from the onetime non- recurring NESWC monies have or will be appropriated beginning in Fiscal Year 2006 through and including Fiscal Year 2012. NOW THEREFORE, BE IT RESOLVED: the Town Council of the City known as the Town of Watertown hereby renames the NESWC/Capital Projects Stabilization Fund to the Capital Projects Stabilization Fund Council Member I hereby certify that at a regular meeting of the Town Council for which a quorum was present, the above resolution was adopted by voice vote on June 28, 2011, Valerie Papas Council Clerk Mark S. Sideris Council President a(vfl (oul2C f TOWN OF WATERTOWN ADMINISTRATION BUILDING • WATERTOWN, MA 02472-4410 (617)972-6470 • FAX (617)972-6485 Resolution # 78 R-05- 78 WHEREAS, the North East Solid Waste Committee. ("NESWC") Agreement regarding the processing of the Town's solid waste expired in September of 2005; and WHEREAS, the Town has executed a post 2005 Agreement through Fiscal Year 2010; and WHEREAS, the Town is in receipt of one time non -recurring NESWC monies totaling $3,039,284.00; and WHEREAS, pursuant to the provisions of G.L. c. 40, § 5B, the Town may establish a special purpose stabilization fund by a two-thirds vote of the Town Council. NOW THEREFORE, BE IT RESOLVED that the Town Council of the City known as the Town of Watertown hereby establishes. the NESWC/Capital Projects Stabilization Fund and appropriates thereto the sum of $3,039,284..00 as received by the Town from NESWC. Council IJit mber. I hereby certify that at a regular meeting of the Town Council for which a quorum was present, the above Resolution was adopted by a vote of g for, 0 against and present on . Novamher 99 , 2005. Valerie Papas Clerk of the Council Pamela A. Piantedosi Council President wn oounell TOWN OF WATERTOWN ADMINISTRATION BUILDING • WATERTO.WN, MA 02472-4410 (617)972-6470 • FAX (617)972-6485 MINUTES TOWN COUNCIL MEETING TUESDAY, NOVEMBER 22, 2005 AT 7:15 PM RICHARD E. MASTRANGELO CHAMBER ADMINISTRATION BUILDING 8A.Resolution establishing a NESWC Capital Projects Stabilization Fund - Michael J. Driscoll, Town Manager. The Chair recognized the Town Manager who provided a brief overview of the resolution which establishes the NESWC/Capital Projects Stabilization Fund and appropriating the $3,039,284 received by the Town from NESWC. Councilor Devaney provided a brief history of NESWC. Vice President Ciccarelli moved the resolution, seconded by Councilor Rbmanelli and adopted. bya unanimous roll call vote.