USA > Massachusetts > Essex County > Andover > Town annual report of Andover 1955-1959 > Part 49
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Interest
for Care of Lots
Balance Dec. 31, 1958
.
Spring Grove
957
$123,354.39
$3555.00
$3574.82
$3639.07
$126,752.39 349.
Cash
123,610.64
127,101.39
South Church
143
17,967.21
673.18
560.25
18,080.14
Christ Church
71
7,610.00
228.30
228.30
7,610.00
West Church
10
2,107.81
63.63
63.63
2,107.81
St. Augustine
6
650.00
19.50
19.50
650.00
1187
$151,945.66
$3555.00
$4559.43
$4510.75
$155,549.34
90
SPECIAL FUND
Bal. Jan. 1,1958
Interest
Post War Rehabilitation
$ 22,763.31
$ 632.74
Bal.Dec.31,1958 $ 23,396.05
Cash
256.25
Trust Funds
Name
· Beneficiary
Principal
Balance Jan. 1, 1958
Deposits
Interest
1958
Richardson
Shawsheen School
$ 1,000.00
$ 1,208.10 $
$ 36.51
$
$
1,244.61
Draper
School Dept.
1,000.00
1,160.42
35.06
1,195.48
Holt
School Dept.
50.00
86.03
2.60
88.63
Conroy
Punchard Prizes
250.00
289.17
8.62
8.00
289.79
American Legion
Punchard Prizes
200.00
200.00
5.00
5.00
200.00
Varnum & Alfred V.Lincoln
Spelling Prizes
1,000.00
1,012.50
25.00
30.72
25.00
1,043.22
Emiline Lincoln
A.V.I.S.
1,000.00
1,377.83
41.63
1,419.46
Emma J. Lincoln
A.V.I.S.
544.60
750.25
22.67
772.92
Emma J. Lincoln
Library
148.68
162.14
4.89
167.03
Swift
Library
300.00
344.99
10.41
355.40
Taylor
Welfare Fund
100.00
156.17
4.71
160.88
David & Lucy Shaw
Welfare Fund
10,000.00
14,660.50
443.10
15,103.60
Giddings
South Cemetery
1,000.00
1,272.41
38.45
1,310.86
Smart
South Ceme tery
1,000.00
1,232.49
37.16
5.00
1,264.65
W. L. Raymond
Welfare
7,845.81
11,205.63
34.44
339.02
11,579.09
E. F. Raymond
Welfare & Cemetery
1,500.00
1,546.03
46.04
68.88
1,523.19
Flower Funds (16)
Cemetery
2,460.00
2,820.83
700.00
89.07
67.76
3,542.14
Rafton
Science Prizes
598.50
621.93
34.36
30.00
626.29
Andover Youth
Tennis Fund
Tennis Courts
736.63
11.04
747.67
$29,997.59
$40,107.42 $ 1,496.07 $1,211.06
$209.64 $42,634.91
91
Balance With- Dec.31, drawn
REPORT OF THE TRUSTEES OF PUNCHARD FREE SCHOOL
Year Ending December 31, 1958
PRINCIPAL FUND
January 1, 1958
Cash in Banks
$28,137.51
Real Estate Mortgages
18,843.11
Bonds at Book Value
30,019.38
$77,000.00
December 31, 1958
Cash in Banks
$33,037.02
Real Estate Mortgages
13,943.60
Bonds at Book Value
30,019.38
$77,000.00
-
INCOME ACCOUNT
January 1, 1958
Cash on Hand
$8,056.04
Interest and Dividends Rec'd
2,479.97
$10,536.01
Expenditures
Stamped Envelopes
$ 28.50
Safe Deposit Box
11.00
Treasurer's Bond
25.00
Harry Sellars-Salary
200.00
Expenditures for Library,
Commercial Department,
Various Departments,
Transportation, etc.
2.416.68
$2,711.18
December 31, 1958 - Cash on Hand
7,824.83 $10,536.01
RESERVE FUND
January 1, 1958 Cash in Savings Bank $4,478.05
Interest Received 135.35
December 31,1958
Cash in Savings Bank
$4,613.40
92
GOLDSMITH FUND
January 1, 1958 Cash in Savings Bank $ 337.43
Interest Received 10.19
347.62
Prizes Awarded
10.00
December 31, 1958
$
337.62
DRAPER FUND
January 1, 1958 Cash in Savings Bank $1,574.34 Interest Received 46.97
1,621.31
Scholarship Awarded
40.00
December 31,1958
Cash in Savings Bank
$1,581.31
BARNARD FUND
January 1, 1958 Cash in Savings Bank $ 30.90
Dividends Received 40.00
Interest Received .32
71.22
Prizes Awarded
40.00
December 31,1958
Cash in Savings Bank
$
31.22
CHAPIN FUND
January 1, 1958 Cash in Savings Bank $2,271.97
Interest Received
67.76
2,339.73
Scholarship Awarded
60.00
December 31,1958
Cash in Savings Bank
$2,279.73
HENRY WARREN BARNARD & MABEL PARADISE BARNARD FUND
January 1, 1958 Cash in Savings Bank $1,073.73 Interest Received 32.44
December 31,1958 Cash in Savings Bank
$1,106.17
ELIZABETH T. GUTTERSON SCHOLARSHIP
January 1, 1958 Cash in Savings Bank $1,034.12 Interest Received 30.80
1,064.92
December 31,1958
Scholarship Awarded Cash in Savings Bank
30.00
$1,034.92
93
M. E. GUTTERSON BOTANY PRIZES
January 1, 1958 Cash in Savings Bank $ 320.83
Interest Received 9.56
330.39
Prizes Awarded 8.00 $ 322.39
December 31,1958 Cash in Savings Bank
ALICE M. BELL FUND
January 1, 1958 Cash in Savings Bank $1,061.65 Interest Received 31.18
1,092.83
Scholarship Awarded
60.00
December 31,1958 Cash in Savings Bank
$1,032.83
Respectfully submitted,
Harry Sellars, Treasurer
This is to certify that the securities belonging to the Trustees of Punchard Free School and the income accruing therefrom have been checked and found to be correct.
The remaining items in the above account are examined by the Town Accountant.
Edmond E. Hammond Fred W. Doyle
94
Report of Trustees of Memorial Hall Library
Cash
$7,444.40
Income from Investments
3,695.25
H. Futterman Fund
115.00
Adult Evening Study
200.00
Gov. Phillips Donation SALES
217.04
2M Boston & Albany 5s 1963
1,573.17
IM Boston & Maine 4 1960
600.90
IM Boston & Maine 42 1970
356.99
$14,202.75
PURCHASE :
5M J. Ray McDermott 5s 1972
$ 4,902.78
Repairs to door
14.20
Book Clearing House Recordings
34.26
Look Photo Service
55.78
Renewal of Treasurer's Bond
25.00
Safe Deposit Box Rental
12.50
Sandra Kaufman - expense for interview re position
18.99
Miriam Putnam - Convention Expense
250.00
Herman Field - Guest Speaker
25.00
Town of Andover - Budget Deficiency
2,980.00
Cash December 31, 1958
5,884.24
$14,202.75
Leo F. Daley Treasurer
95
JOHN CORNELL WOOD AND COAL FUND
Principal Fund
Andover Savings Bank, Andover #13259
$1,000.00
Essex Savings Bank, Lawrence
#82865
1,000.00
Broadway Savings Bank, Lawrence
#13405
1,000.00
City Inst. Savings Bank, Lowell
#69782
1,000.00
The Central Savings Bank, Lowell
#21760
1,000.00
$5,000.00
Receipts
Balance on hand, January 1, 1958 Interest received during 1958
$1,312.96 155.00
$1,467.96
Expenditures
Nothing during the year 1958.
--
Balance on hand January 1, 1959
$1,467.96
Respectfully submitted, Edward P. Hall, Chairman
Fred E. Cheever, Treasurer Arthur W. Cole
96
Treasurer's Report
Receipts and payments for the year were as follows:
Balance January 1, 1958 $1,549,382.26 3,696,556.89 $5,245,939.15 4,097,115.89 $1,148,823.26
Receipts
Payments
Balance December 31, 1958
Included in the above receipts are: Parking eter collec- tions $16,685.17, Tax Title Redemptions $2469. 74 and $250,000 borrowed in anticipation of taxes.
Disbursements were in accordance with 156 Selectmen's Warrants. Approximately 33549 checks were issued, an in- crease of 5749 over 1957.
Deductions from salaries in 1958 were as follows:
Withholding Taxes
$185,197.41- (504 per-
U. S. Savings Bonds
9,722.04 sons )
Blue Cross-Blue Shield
24,590.50
United Fund 455.62
Teacher Payroll Savings
37,660.03
Teacher Retirement 33,064.47
Municipal Retirement 32,780.33
Surplus funds invested in United States Treasury Bills and Certificates of Deposit earned $15,336.43.
Six applications to foreclose tax titles on land of low value were prepared and filed with the Commissioner of Corporations and Taxation.
Two tax title sales were held and no bids being accepted as adequate, the land was conveyed to the Town of Andover for future sale by the Board of Selectmen.
Cemetery perpetual care and other trust funds, as well as those of the Retirement Board, all in the Treasurer's cus- tody, are listed on other pages of this report. 660 re- tirement checks were issued for pensions and other dis- bursements of the Retirement Board.
I wish to thank all those who so kindly cooperated with me in the carrying out of the responsibilities of my office.
Respectfully submitted,
ANNA M. GREELEY, Treasurer
97
Town Debt
AS OF FEBRUARY 1, 1959 DETAIL OF PRINCIPAL PAYMENTS BY YEARS
Year Elemen- High
West
South
Water
Totals
tary
School
School
School
Schools 12%
2.20%
2.20%
3.40%
3.00%
1959 $55,000 $105,000 $30,000 $40,000 $20,000
$ 250,000
1960
55,000
105,000
30,000
40,000
20,000
250,000
1961
55,000
105,000
25,000
40,000
20,000
245,000
1962
50,000
105,000
40,000
20,000
215,000
1963
50,000
105,000
40,000
15,000
210,000
1964
50,000
105,000
40,000
15,000
210,000
1965
50,000
100,000
40,000
15,000
205,000
1966
50,000
100,000
40,000
15,000
205,000
1967
100,000
40,000
15,000
155,000
1968
100,000
40,000
15,000
155,000
1969
100,000
40,000
15,000
155,000
1970
100,000
40,000
15,000
155,000
1971
100,000
40,000
15,000
155,000
1972
100,000
40,000
15,000
155,000
1973
100,000
40,000
140,000
1974
100,000
40,000
140,000
1975
95,000
40,000
135,000
1976
5,000
40,000
45,000
1977
40,000
40,000
$415,000 $1, 730, 000 $85,000
$ 760,000 $230,000 $3,220,000
$150,000 Water Drainage bonds have been authorized but not issued.
98
Report of Tax Collector
POLL TAXES
Year
Collected 1958 10.00 8,412.00
$
6.00
$1,226.00
$
38.00
*Of this amount:
Abatements to Men over 65 years
$912.00
Abatements to Men in Armed Services
194.00
FARM ANIMAL EXCISE
Year
1957
$
Collected 1958 54.38
Abated 1958 None
Outstanding Jan. 1, 1959 None
1958
333.07
$
14.40
$
51.88
PERSONAL TAXES
Year
Collected 1958
Abated 1958 $1,185.00
Outstanding Jan. 1, 1959 None
1956
$
4.50
1957
3,025.05
243.20
#
1,226.15 2,707.15
REAL ESTATE TAXES
Year
Collected
Abated
1958
1958
1957
$ 47,533.76 $ 512.00
$
7,801.23
1958
1,872,398.51 ** 18,178.87
88,617.51
** Of this amount:
Veterans' Exemptions
$7,717.45
MOTOR VEHICLE EXCISE
Year
Collected 1958
Abated 1958
Outstanding Jan. 1, 1959
1956
$
332.02
$
820.43
$
493.64 3,812.62
1957
59,270.40
3,952.24
1958
226,894.44
21,771.76
21,272.38
Abated 1958
Outstanding Jan. 1, 1959 None
1957
$
1958
1958
72,216.40
796.90
Outstanding Jan. 1, 1959
99
1
MISCELLANEOUS COLLECTIONS
Water (Apportioned Assessments)
Water Liens
$ 1,177.32 2,876.94
Water Betterments
3,245.06
Sewer Assessments
8,452.96
Sewer Assessments Paid in Advance
882.53
Committed Interest
2,262.21
Interest
1,989.45
Estate of Deceased Persons
367.80
Deferred Sewer Liens
604.00
100
Summary of Collector's Cash Account
1958
1957
1956
Totals
Taxes: Poll
$ 8,412.00
$ 10.00
$
8,422.00
Personal
72,216.40
3,025.05
$
4.50
75,245.95
Real Estate
1,872,398.51
47,533.76
1,919,932.27
Farm Animal Excise
333.07
54.38
387.45
Deferred Sewer Lien
604.00
604.00
Motor Vehicle Excise
226, 894.44
59,270.40
332.02
286,496.86
Water Liens
2,678.50
198.44
2,876.94
Water Betterments
3,245.06
3,245.06
Water Betterments
(Apport. )
1,177.32
1,177.32
Sewer Assessments
5,074.15
3,378.81
8,452.96
Sewer Paid in Advance
882.53
--
882.53
Estate of Deceased Persons
367.80
-
-
367.80
Committed Interest
2,145.62
116.59
2,262.21
Interest on Delinquent Taxes
376.57
1,579.17
33.71
1,989.45
Totals
$2,193,560.91
$118,411.66
$370.23
$2,312,342.80
-
JAMES P. CHRISTIE, Collector of Taxes
101
Assessors' Report
Number of Polls Assessed
Number of Persons Assessed
4.,807
4,744
Valuation - Personal Prop.$ 2,906,425
Valuation - Real Estate 75, 864,910
$78,771,335
Tax on Polls
$ 9,614.00 75,567.05
Tax on Personal Property
Tax on Real Estate
1,972,487.66
$2,057,668.71
Apportioned Sewers
$ 3,817.58
Apportioned Water
1,856.73
Committed Interest
2,736.57
Water Leins Added to Taxes
3,924.69
ABATEMENTS
Poll Taxes $ 1,226.00
Personal Property
796.00
Real Estate
18,719.71
Water Leins
14.00
Farm Animal
14.40
Rate of Taxation per $1,000-$26.00
Valuation - Farm Animal
$75,675.00
Tax - Farm Animal
378.37
Rate of Taxation per $1,000-$5.00
Number of Assessed :-
Horses
52
Cows
387
Yearlings, Bulls & Heifers
16
Swine
714
Sheep
71
Fowl
3455
All Others
575
No. of Acres Assessed 18,313.38
No. of Dwellings Assessed 4,126
MOTOR VEHICLE & TRAILER EXCISE
Number of Vehicles Assessed 7,612
Assessed Valuation
$ 4,854,600.00
Excise
265,189.27
Abatements
21,771.76
Rate per $1,000 - $60.25
102
ADDITIONAL ASSESSMENTS
Number of Polls 22
Number of Persons Assessed
38
(Real & Personal )
Valuation - Personal Property
Valuation - Real Estate
$ 4,000 54,500
Valuation - Farm Animal
3,350
Tax on Polls
44.00
Tax on Personal Property
104.00
Tax on Real Estate
1,417.00
Tax on Farm Animals
16.75
Number of Acres Assessed 188
REAL ESTATE EXEMPT FROM TAXATION - CHAP. 59- SEC 5.
Clause 1 - Property of United States
$ 178,850
Clause 2 - Property of Commonwealth of Massachusetts 332,500
Clause 3 - Property of Education Corp. 18,036,950 Property of Charitable Corp. 90,575
Property of Benovelent Corp. 106,325
Clause 11- Houses of Religious Worship 1,366,650
Parsonages 80,000
Clause 12- Cemeteries
210,450
Andover Housing Authority
564,795
Number of Acres Exempt 2,177.75
Respectfully Submitted,
Sidney P. White, Chairman Stafford A. Lindsay William V. Emmons
103
MUNICIPAL PROPERTIES AND PUBLIC IMPROVEMENTS
Land and Buildings
Equip. & Other Prop
Total
Town Hall
$ 177,575
$ 45,450
$ 223,025
Shaw Property
45,750
45,750
Fire Department
62,250
180,000
242,250
Police Department
825
12,000
12,625
Schools
5,592,800
351,000
5,943,800
Library
200,925
120,000
320,925
Water Department
255,425
542,700
798,125
Sewer Department
14,975
10,399,960
10,414,935
Highway Department
23,175
261,000
284,175
Parks & Playgrounds
89,350
18,600
107,950
Tree & Moth Department
36,000
36,000
Infirmary
71,675
4,500
76,175
Spring Grove Cemetery
71,650
3,375
75,025
Weights & Measures
1,000
1,000
Town Scales
600
600
Old School Houses
107,225
77,000
77,000
Memorial Hall Invest.Fd.
88,953
88,953
Pomps Pond Bathing Beach
17,400
900
18,300
Community Hall,B'vle
20,275
20,275
Bolton House
12,850
12,850
Essex St.Parking Lot
3,850
3,850
Public Dump
3,600
3,600
Other Town Property-Land
85,750
85,750
TOTALS
$6,857,325
12,143,038
$19,000.363
104
107,225
Punchard School Fund
Board of Public Welfare
The Board of Public Welfare submits the following report for the year 1958:
Under the Old Age Assistance program, we added twenty-one cases and dropped twenty-four from our rolls. We had thirty-one applications, seven of which were found to be ineligible. On January 1, 1958, we had one hundred and twenty-two cases, and at the close of the year, one hundred and nineteen cases. The average monthly cost per case has increased during the year from $83.60 to $89.10, but our appropriation for Old Age Assistance will be about the same, as the Federal Government has increased its allotment.
Aid to Dependent Children has remained about the same as last year, and we feel that we can reduce this appropriation for 1959. At the start of the year we had four cases, and we ended the year with five.
At the close of 1958, we have only three cases on Disability Assistance and we are reducing our appropria- tion for 1959.
General Relief, which covers aid for persons not eligible for Federal funds, such as Temporary Aid, and the boarding of children, was a little higher than 1957, due to some unemployment.
Our total appropriation for 1959, for all forms of public assistance, (other than Veterans' Aid), will be $99,230, but the Commonwealth of Massachusetts will grant us approximately $60,000, as its share in this aid. This money goes into Free Cash.
We wish at this time to thank all citizens and private organizations who have assisted our department, and contributed to the welfare of our citizens.
Respectfully submitted, Sidney P. White, Chairman, Stafford A. Lindsay William V. Emmons
Board of Public Welfare
Arthur W. Cole, Welfare Agent.
105
Report of Trustees of Spring Grove Cemetery
The Trustees of Spring Grove Cemetery submit their Annual Report for the year of 1958.
During the year we sold 21 lots, which were covered by perpetual care contracts, and had a total of 72 inter- ments. From these contracts and the money received for payments for perpetual care on old lots not previously covered a total of $3629. was received and turned over to the Town Treasurer for addition to the Perpetual Care Fund. This now amounts to $129,757 and income from this totaling $3,673 was received in 1958. This income was re- turned to the Town by your Trustees to reduce the cost of operation of the Cemetery.
A total of $4,205 was received from the sale of lots, interments, annual care of lots, and other services rendered to our lot owners. Among the services given is the furnishing of a low cost cement vault which we pur- chase in quantity and offer at nearly our cost to lot own- ers desiring them. A total of 39 of these were sold totaling $866 this year. We turned over to the Town Treas- urer from the service income and the investment income $11,507 in 1958. The net cost of operating the Cemetery was reduced to $14,707 although the appropriation received was $22,227. Of this amount wages of $18,844.were paid and only $3,383 was spent for material and all other purposes.
During the year we have continued with our long term program of improvement of the Cemetery facilities and accessibility. The road connecting the two sides of the Cemetery across the railroad cut has been completed and is in use and many favorable comments regarding its conven- ience have been received. We plan in 1959 to extend this by opening a connecting road into our flat section so this will be accessible from a hard top road. This year 280 feet of tarvia road was added tieing in existing sections. We now plan to complete our water system so all lot owners will have water for their graves within a reasonable dis- tance. The exterior of the garage addition has been com- pleted and we expect to finish this and put it into use in 1959.
Fred E. Cheever, Chairman Albert E. Curtis, Secretary Malcolm E. Lundgren William D. McIntyre Irving J. Whitcomb
Trustees of Spring Grove Cemetery
106
Office of Veterans' Service
The Office of Veterans' Services submits the fol- lowing report of the year 1958.
The case load covering only interviews and confer- ences which required service or paper work was :-
Allotments and allowances-90, photostatic copies of discharges, records and vital statistics-977, employ- ment-37, evictions-13, housing applications-54, social security cases-38, burials-25, compensations-22, hospi- talization-66, insurance-41, loans-17, medical and dental cases-59, education-35, pensions-109, vital statistics-199 and 533 in miscellaneous categories of veterans' Services.
Deaths during the year were Spanish War-1, World War I-13, World War 2-5.
Applications for direct aid under Veterans' Benefits num- bered 62 cases with 51 families receiving assistance during the year.
The sum of $23,540.55 was collected by veterans and their families from outside sources, such as social secu- rity, pensions and retirement benefits. This amount helped a great deal to reduce the requests for help through this office. The most expensive item to us is the ever increasing cost of medication, doctors and hos- pitalization. This type of aid will be more costly each year as the parents of veterans grow older and need care, and the number of veteran children increase. Under Chapter #115, General Laws of Massachusetts, every vet- eran of any war, his wife, children and parents are eli- gible to apply for Veterans' Benefits, if in need. Not all, however, qualify for assistance, as there are mon- etary restrictions, as well as legal regulations which bar many from receiving aid. All bills, no matter how large or small, must be sent to the Commissioner of Vet- erans' Services, in Boston, for approval before any pay- ments may be made. When these bills have been properly approved, the Town of Andover is reimbursed one-half of all monies spent by the Commonwealth.
After February 1, 1959, all recipients of Social Security will receive an increase of 7% in their monthly benefit. This will affect 12 of our permanent cases.
107
We wish to thank all local veteran organizations, the Andover Red Cross Chapter, Andover charitable organ- izations and the Board of Selectmen for their ever ready cooperation in assisting this office to care for indigent veterans and their families.
Respectfully submitted,
Sidney P. White, Chairman Stafford A. Lindsay, Secretary Dr. William V. Emmons
Francis P. Markey, Agent
Veterans' Service Office
108
Annual Report of the Andover Housing Authority
The Authority this year was confronted with a great deal of activ- ity with normal maintenance of Project 200-1, plus Housing for the Eld- erly and Urban Renewal Program in Andover.
The following repairs and replacements were done at the 200-1 Vet- erans' Housing Project: replacement of steam traps on all radiators at a cost of $2,800.00; replacement of fifty-six combination doors with aluminum doors at a cost of $3,029.00; replacement of 374 window shades at a cost of $387.00; and repairs to bath-room walls around tubs, which was started this year and will be completed in 1959.
Work to be done next ; car for this project will be painting all trim, windows and doors of all buildings, relining boiler no.1 and re- pairs to boiler no.2, with some corrective measures taken to reduce the heat in the boiler room.
There are fifty-six appartments in this project and all appartments are occupied with a substantial waiting list.
There have been six families that moved from the project and two families that moved to larger appartments within the project this year.
The payment to the Town of Andover in lieu of taxes for the year 1958 was $1,876.00.
A great deal of time was spent determining the need for Housing for the Elderly in Andover and as a result of this, an artical was in- serted in the 1958 warrant asking the Town to approve the erection of a housing project for the elderly, and an artical giving the Housing Auth- ority some 3.22 acres of land in back of the Project 200-1 with an ac- cess road to it from Chestnut Street. This was approved by the Town Meeting. The Authority held a great number of meetings from this date until October, when the contract for the construction of the Elderly Housing Project 667-1 was signed. Ernest N. Hall, present Executive Director, was appointed Clerk of the Works of this project, and on Oct- ober 22, a contract for $441, 000.00 was signed with the Concrete Con- struction Company of Everett, to build 40 dwelling units and a recrea- tion hall for elderly persons 65 and over. All work is expected to be completed in July of 1959. Clinton F. Goodwin of Haverhill is the architect and engineer of the project.
The Authority, after a number of meetings with the Selectmen, Planning Board, and interested citizens of Andover, appointed an Urban Renewal Committee to look into the advisability of submitting an app- lication to the Federal Government for planning funds. The committee, after receiving approval from the townspeople at the Special Town
109
Meeting in October 1958, submitted all papers required to the Housing and Home Finance Agency, 346 Broadway, New York, N. Y.
The committee have progressed as far as possible at this time and are now waiting for approval from the above mentioned agency, and from the Federal Government to appropriate funds for the construction of this project.
The members of the Andover Housing Authority as of December 31, 1958, are as follows:
George A. Noury, Chairman
Roy A. Russell, vice-Chairman
Thomas R. Wallace, Treasurer
Thomas P. Eldred, Assistant Treasurer
Edward D. Johnston, Assistant Secretary
Ernest N. Hall, Executive Director and Secretary
James E. Manning, Manager
A balance sheet and statement of operations for the period ending December 31st is attached.
Respectfully submitted,
ERNEST N. HALL Executive Director
£
110
BALANCE SHEET December 31, 1958
Assets
Cash - Andover Savings Bank - 2 3/4%
$12,856.31 8,371.14
Cash - Essex Savings Bank - 2 3/4%
18,245.47
Cash - Security Deposit Fund
890.00
Cash - Petty Cash 25.00
Acc't Receivable - Tenants
Debt Service Fund - 2nd Bank - State Street Trust Company Debt Service Trust Fund - 2nd Bank - State Street Trust Company
639.30
Investment - Debt Service Trust Fund - 2nd Bank - State Street Trust Company
1,000.00
Development Costs 626,000.00
Less: Development Cost Liquidation
64,000.00
562,000.00
Total Assets
$611,049.46
Liabilities, Reserves, & Surplus
Liabilities
Income Tax Withholdings
$ 116.87
Pension Fund Deductions
17.00
Accrued Insurance - Fire
708.91
Matured Interest & Principal
11,233.44
Tenants' Security Depostis
Tenants' Prepaid Rents
$ 12,076.22 890.00 143.00
Bonds Authorized
626,000.00
Less Bonds Retired
64,000.00
562,000.00
Reserves
Debt Service Reserve
13,439.01
Unamortized Bond Premium
1,639.30
Reduction of Annual Contribution
3,000.00
Operating Reserve
12,376.12
30,454.43
Surplus
5,485.81
Total Liabilities, Reserves, & Surplus
$611,049.46
Cash - Administration Fund
$ 40,387.92 272.00
6,750.00
111
Board of Appeals Report
To the Board of Selectmen:
The Board of Appeals under the Zoning By-Law of the Town of Andover has the following members: Alfred W. Fuller, Chairman, term expiring May 1, 1959; Edward P. Hall, Secretary, term expiring May 1, 1960; and Joseph F. Baci- galupo, term expiring May 1, 1960; and three associate members, Edmund E. Hammond, Walter C. Tomlinson and Robert S. Zollner, all of whose terms expire May 1, 1959.
During the year 1958, the twenty-third year of the Zoning By-Law, the Board decided thirty-two cases as follows :
Petition of Mystic Warehouse and Distributing Company for a variance to permit the location of a warehouse on Lowell Junction Road. (Decision filed Jan. 20, 1958) GRANTED
Petition of Vincent A. Salvo for a variance to permit the operation of a gasoline service station on South Main St. (Decision filed Feb. 28, 1958) DENIED
Petition of Maude S. Croteau to permit a subdivision of land on the corner of Andover and River Streets. (Deci- sion filed Feb. 28, 1958) DENIED
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