HomeMy WebLinkAboutFinCom-20250331T093014_0032ANNUAL TOWN MEETING —MAY 12, 2025 ARTICLE 10 INSURANCE PROCEEDS Article 10 To see whether the Town will vote to appropriate all sums over $150,000 recovered under the terms of any insurance policy and any other insurance proceeds paid to the Town in connection with any losses suffered by the Town; or to take any other action related thereto. Select Board MOVED: That the subject matter of Article 10 be indefinitely postponed. FINANCE COMMITTEE VOTE: DRAFT DISCUSSION DISCUSSION: According to Massachusetts law, Town Meeting must vote to approve all sums over $150,000 recovered under the terms of any Insurance policy. There are no insurance proceeds to appropriate at this Town Meeting, therefore, the Finance Committee voted to Indefinitely postpone. APPROVED DISAPPROVED 11