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2017 Annual Meeting
The 2017 OTCC Annual Meeting was held on Sunday, May 7 at 7:00 p.m., at the Lake Pine Club House on Taunton Boulevard.
Dam Committee chairman Steve Lennon reported thework on the dam restoration is nearly complete. Some additional work remains to be completed on the spillway, probably in October. Treasurer Jerry Klein reported that so far, we have drawn down about $386,000 from the $433,000 20-year low interest loan provided by the State to help finance the dam construction. The remaining costs of construction will be relatively modest, so the entire project will come in well below budget. Payments on the loan are likely to begin this year following completion of the work. We currently have $251,789 in our reserve account, so we are well positioned to be able to make the loan payments without difficulty. Once final figures are in, we will be looking in to the possibility of accelerating our loan payments to minimize the amount of interest expense over the nominal life of the loan.
Here are the handouts given out at the meeting.
Voting for Trustees
Three incumbent trustees were nominated for re-election. No one was nominated from the floor. Those re-elected are:
|Kevin Callahan *|
|Paul Lucas *|
|Monica Czyzyk *|