Article 16

ARTICLE 16

(Appropriation:  Enterprise Funds Capital Expenditures)

To see what sums the Town will vote to appropriate, and also to raise, borrow pursuant to any applicable statute, or transfer from available funds, for the purposes of capital expenditures for the Enterprise Funds of the Town of Nantucket; or to take any other action related thereto.

 

(Select Board for the Various Departments Indicated)

FINANCE COMMITTEE MOTION:  Moved that the following capital expenditures be appropriated for the Enterprise Fund departments with the Airport appropriations to be expended through the Airport Commission; the Sewer Enterprise, Solid Waste Enterprise and Our Island Home Enterprise Fund appropriations to be expended by the Town Manager with the approval of the Select Board/Board of Public Works/Sewer Commissioners; the  Water Department Enterprise Fund appropriation to be expended through the Nantucket Board of Water Commissioners:

 

DEPARTMENT

ITEM

FUNDING SOURCE(S)

AMOUNT

Airport

Costs associated with airport improvement projects

Authorize the Treasurer, with the approval of the Select Board to borrow $16,650,000 pursuant to G.L. c.44 Section 7 or 8 or any other enabling authority, and that while such bonds shall be general obligations of the Town, it is intended that the principal and interest thereon shall be repaid from Airport Enterprise Fund revenues, state or federal grants, and other available funds of the Airport. Any premium received by the Town 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 Chapter 44, Section 20 of the General Laws, thereby reducing the amount authorized to be borrowed to pay such costs by a like amount.

$16,650,000

 

Airport

Costs associated with airport maintenance and equipment

Authorize the Treasurer, with the approval of the Select Board to borrow $315,000 pursuant to G.L. c.44 Section 7 or 8 or any other enabling authority, and that while such bonds shall be general obligations of the Town, it is intended that the principal and interest thereon shall be repaid from Airport Enterprise Fund revenues, state or federal grants, and other available funds of the Airport. Any premium received by the Town 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 Chapter 44, Section 20 of the General Laws, thereby reducing the amount authorized to be borrowed to pay such costs by a like amount.

$315,000

Airport

Supplemental Funding to Article 20 (Repair Fuel Farm) of the 2019 Annual Town Meeting

Authorize the Treasurer, with the approval of the Select Board to borrow $300,000 pursuant to G.L. c.44 Section 7 or 8 or any other enabling authority, and that while such bonds shall be general obligations of the Town, it is intended that the principal and interest thereon shall be repaid from Airport Enterprise Fund revenues, state or federal grants, and other available funds of the Airport. Any premium received by the Town 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 Chapter 44, Section 20 of the General Laws, thereby reducing the amount authorized to be borrowed to pay such costs by a like amount; and transfer $201,678 from NMA Certified Retained Earnings; and transfer $1,000,000 from NMA Fuel Revolver

$1,501,678

Airport

Costs associated with Airport’s groundwater soil investigation and remediation of Per- and polyfluoroalkyl substances (PFAS)

Authorize the Treasurer, with the approval of the Select Board to borrow $8,000,000 pursuant to G.L. c.44 Section 7 or 8 or any other enabling authority, and that while such bonds shall be general obligations of the Town, it is intended that the principal and interest thereon shall be repaid from Airport Enterprise Fund revenues, state or federal grants, and other available funds of the Airport. Any premium received by the Town 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 Chapter 44, Section 20 of the General Laws, thereby reducing the amount authorized to be borrowed to pay such costs by a like amount.

$8,000,000

Airport

Costs associated with purchase of second bus for airport operations; replacement of Aircraft Rescue Firefighting (ARFF) turnout gear

Authorize the Treasurer, with the approval of the Select Board  to borrow $154,000 pursuant to G.L. c.44 Section 7 or 8 or any other enabling authority, and that while such bonds shall be general obligations of the Town, it is intended that the principal and interest thereon shall be repaid from Airport Enterprise Fund revenues, state or federal grants, and other available funds of the Airport. Any premium received by the Town 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 Chapter 44, Section 20 of the General Laws, thereby reducing the amount authorized to be borrowed to pay such costs by a like amount.

$154,000

Subtotal of Airport Enterprise Fund

$26,620,678

Water

Costs associated with Washington Street water main replacement

Transfer $1,000,000 from Certified Retained Earnings in the Water Department Enterprise Fund

$1,000,000

Subtotal of Water Department Enterprise Fund

$1,000,000

Sewer

Costs associated with purchase of Jetter/Vac truck

Transfer $400,000 from Certified Retained Earnings in the Sewer Enterprise Fund

$400,000

Sewer

Costs associated with purchase of Ford F650-size dump truck

Transfer $100,000 from Certified Retained Earnings in the Sewer Enterprise Fund

$100,000

Sewer

Costs associated with acquisition and installation of water-tight manhole covers

Transfer $50,000 from Certified Retained Earnings in the Sewer Enterprise Fund

$50,000

Sewer

Costs associated with South Shore Road sewer installation, including design and engineering, construction, permitting

Authorize the Treasurer, with the approval of the Select Board to borrow $3,500,000 pursuant to G.L. c.44 Section 7 or 8 or any other enabling authority, and that while such bonds shall be general obligations of the Town, it is intended that the principal and interest thereon shall be repaid from Sewer Enterprise Fund revenues, state or federal grants, and other available funds of the Sewer Enterprise Fund. Any premium received by the Town 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 Chapter 44, Section 20 of the General Laws, thereby reducing the amount authorized to be borrowed to pay such costs by a like amount.

$3,500,000

Sewer

Costs associated with Capacity, Management, Operations and Maintenance

Authorize the Treasurer, with the approval of the Select Board to borrow $2,000,000 pursuant to G.L. c.44 Section 7 or 8 or any other enabling authority, and that while such bonds shall be general obligations of the Town, it is intended that the principal and interest thereon shall be repaid from Sewer Enterprise Fund revenues, state or federal grants, and other available funds of the Sewer Enterprise Fund. Any premium received by the Town 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 Chapter 44, Section 20 of the General Laws, thereby reducing the amount authorized to be borrowed to pay such costs by a like amount.

$2,000,000

Sewer

Costs associated with design of new garage maintenance facility

Authorize the Treasurer, with the approval of the Select Board to borrow $325,000 pursuant to G.L. c.44 Section 7 or 8 or any other enabling authority, and that while such bonds shall be general obligations of the Town, it is intended that the principal and interest thereon shall be repaid from Sewer Enterprise Fund revenues, state or federal grants, and other available funds of the Sewer Enterprise Fund. Any premium received by the Town 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 Chapter 44, Section 20 of the General Laws, thereby reducing the amount authorized to be borrowed to pay such costs by a like amount.

$325,000

Sewer

Costs associated with installation of new centrifuge system at the Surfside Wastewater Treatment Facility

Authorize the Treasurer, with the approval of the Select Board to borrow $1,500,000 pursuant to G.L. c.44 Section 7 or 8 or any other enabling authority, and that while such bonds shall be general obligations of the Town, it is intended that the principal and interest thereon shall be repaid from Sewer Enterprise Fund revenues, state or federal grants, and other available funds of the Sewer Enterprise Fund. Any premium received by the Town 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 Chapter 44, Section 20 of the General Laws, thereby reducing the amount authorized to be borrowed to pay such costs by a like amount.

$1,500,000

Subtotal of Sewer Enterprise Fund

$7,875,000

Total of all Enterprise Funds

$35,495,678

 

FINANCE COMMITTEE COMMENT:  The Finance Committee recommends To Adopt the motion because of the Airport Commission’s need for the potential PFAS remediation by asking for authorization to borrow $8,000,000 for the costs associated with groundwater soil investigation.

 

Quantum of vote required for passage of the motion is 2/3