Town Meeting Warrant Article of the Day – Article 22: Transfer to Capital Stabilization

Town Meeting Warrant Article of the Day 


Article 22: Transfer to Capital Stabilization

The Town is requesting to transfer $413,008 into the Town’s Capital Stabilization Account.  The Capital Stabilization account is the town’s savings account to purchase capital items.  The purpose of this stabilization fund is to accumulate money in order to purchase larger capital items without relying on debt.  To appropriate from the Town’s Stabilization account requires a 2/3rd vote of Town Meeting.

To learn more about Stabilization funds visit: https://www.mass.gov/files/documents/2017/09/11/igr17-20.pdf

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Benefit Alert: VA Loan Rates are Lowest in Years. Use Your $0 Down Benefit Now.

NO Limit Financing
Attention Military Member,
The VA Loan has many advantages that make it one of the most appealing paths to home ownership – and this great benefit is reserved exclusively to those who bravely served our country and select military spouses.
Qualified Borrowers: Don't need 20% down, can Refinance without Requalifying, Never Pay PMI, & will now get Financing with no VA Loan Limits.
 
 

Virtual Town Hall – Q&A for Amazon/Hillwood TIF Agreement, June 9, 2020 at 4:00pm on @NorthAndoverCAM

Join Town Manager Melissa Rodrigues
and Community & Economic Development Director Andrew Shapiro,
 along with a representative from Amazon, for a
to answer questions regarding the Amazon/Hillwood TIF Agreement
JUNE 9, 2020
4:00PM
BROADCAST ON NORTH ANDOVER GOVCAM
Verizon – Ch. 26, Comcast/Xfinity – Ch. 8
 
SUBMIT YOUR QUESTIONS
 
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Local Election Voting – COVID-19 Compliant

Don’t forget that today is the North Andover Annual Election!  Polls are open from 7:00am-8:00pm.  In-person voting is at North Andover High School.
Watch North Andover Town Clerk, Trudy Reid, share some insights for today’s local election and the COVID-19 safety measures that are in place.
Please share to help us spread the word!

Town Meeting Warrant Article of the Day – Article 21: Transfer to Stabilization

Town Meeting Warrant Article of the Day 


Article 21: Transfer to Stabilization

The Town is requesting to transfer $20,233 to the Stabilization Account.  The Stabilization Account is the Town’s savings account.  The Town saves money there to be used in emergency.  Some like to refer to the account as the rainy day fund.  The Town has financial policies in place that advise the town to maintain 5% of General Fund revenues in the Stabilization Account.  After this year’s transfer, the Town will have approximately $5,000,000 in the fund.    To appropriate from the Town’s Stabilization account requires a 2/3rd vote of Town Meeting.

To learn more about Stabilization Funds visit: https://www.mass.gov/files/documents/2017/09/11/igr17-20.pdf

Town Meeting Documents

Town Meeting Warrant

northandoverma.gov/townmeeting

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Today is the day…. June 2 – Annual Election Day! Vote in person at the @NorthAndoverHS, polls will be open from 7 AM – 8 PM.

Today is the day….June 2 – Annual Election Day.  Voting in person at the NA High School.  Polls will be open from 7 AM – 8 PM.  Due to COVID-19, 6 feet social distancing will be followed and we are recommending all voters to wear face covering while on the high school property.
If you have a mail in ballot to be returned, please leave it in the Town Hall Business Mailbox located in front of Town Hall no later than 7:30 PM June 2nd.  The box will be checked throughout the day and the ballots will be delivered to the polling location to be counted.  Thank you!
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