Article 50. Debt Rescission

ARTICLE 50. To determine whether the Town will rescind any unused borrowing authorizations; or take any other action relative thereto.

Article Explanation

If needed, this article would authorize the rescission of debt authorizations made in prior years that are no longer needed. Any borrowing authorizations identified as no longer necessary will be presented to Town Meeting.

Article Motion

Ms. Wasoff moves to rescind $429,001 in excess borrowing authorization under the following articles: Annual Town Meeting April 29, 2009; Article 42, Article 13, Annual Town Meeting June 13, 2021; Article 25, Annual Town Meeting May 1, 2022.