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Old 12-15-2022, 08:02 AM   #189
longislander
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I agree about the operating cost not being part of the bond.

The two numbers were just to highlight the expense to the town and let folks play with the numbers. They are both paid by the taxpayers ... at some point.

The Hub building is not a non-profit. The 501C(3) non-profit (HUB Community Center Working Group) is a group formed to get funds for a new town building, on town property. They are a separate entity. The building (not the group) would then be added to town assets.

I introduced a bond into the thread since bonds were not mentioned in the survey nor costs estimates (at least I didn't notice). I do not disagree with your estimate of the bond. Why haven't you included your calculations, or at least the link to the calculator you used?

https://www.nhmbb.org/

https://www.nhmbb.org/images/pdfs/Fi...eries_C_OS.pdf

In the past (almost annually) the recreation center warrant article on the town warrant has been by petition. It appears that this attempt is to have the select board submit by appropriation, not petition. Might look better coming from the governing body.

The debate/vote at town meeting will be " for, school crowd" v. "against, seniors" to get the 3/5ths majority vote to approve the warrant article (usually one article including bond).

The seniors might ask why ten years. Why not 29 years. Let the younger crowd pay longer since they will enjoy a lot longer before the building is paid off. A floor motion to amend the bond, presuming there is one (I "presumed" the bond into this thread) could cause more confusion at town meeting.

I did send this to the select board and town moderator.

RE: bonds.
Dated NHMA article; 2012
"Thus, any amendment to a bond article must satisfy not only RSA 39:2, but must also not change the “subject” for purposes of RSA 33:8-a, I. There are no Supreme Court cases on the scope of permissible amendments of a bond article. Given the level of scrutiny, amendments to bond articles should be treated conservatively. Check with bond counsel if an amendment is anticipated."

https://www.nhmunicipal.org/town-cit...e-town-meeting
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