Article 26

Article 26:
Open Space Acquisition Bond ($10,000,000)

Warrant Article Language

Shall the Town vote to raise and appropriate the sum of Ten Million Dollars ($10,000,000) to purchase land and easements or other property interests within the Town of Amherst for conservation purposes, and to authorize the Board of Selectmen to issue bonds or notes not more than Ten Million Dollars ($10,000,000) under and compliance with provisions of the Municipal Finance Act (RSA 33:1 et seq., as amended); to authorize the Selectmen to issue, negotiate, sell and deliver said bonds and notes, and to determine the rate of interest thereon and the maturity and other terms thereof, and to take any other action they deem appropriate to effectuate the sale and/or issuance of said bonds or notes, to authorize the Selectmen to apply for, accept and expend federal, state or other aid, if any, which may be available for said project and to comply with all laws applicable to said project, to authorize the Selectmen to acquire said property exercising their authority under RSA 41:14-a, and additionally to raise and appropriate the sum of Two Hundred Fifty Thousand Dollars ($250,000) for the first year interest and costs. Land or property interests to be purchased with bond proceeds shall be acquired in the name of the Town as conservation land to be managed by the Conservation Commission pursuant to RSA 36-A:4. (Tax Impact: Year 1 $0.10; Yr 2 $0.37; Yr 3 $0.36; Yr 4 $0.35; Yr 5 $0.35) (3/5 Ballot Vote Required)

The Board of Selectmen supports this article by a vote of 4-1-0.

The Ways and Means Committee supports this article by a vote of 6-0-0.