July 29, 2026 – Trust Fund Commission – Video & Transcript
July 29, 2026 - Trust Fund Commission
I'm going to call to order. Recording is now in progress. So I'm going to call to order this meeting of the Trust Fund Commission at 12.31 p.m. on July 29, 2026. Where has time gone?
So pursuant to an act relative to extending certain COVID-19 measures adopted during the state of emergency assigned by Governor Maura Healey, this meeting is going to be conducted via solely remote means.
There will be no in-person attendance. In attendance via Zoom are Barry Rothschild, Robert Fox, myself, Adam Gutbezahl, Commissioners of the Trust Fund Commission.
We also have in attendance Brett and Lily Marasco, the Town Treasurer Collector, and Michael D'Ortenzio. Did I say that correct, Michael?
Perfect, Adam.
KP Law, Town Council. I'm going to go over the agenda very quickly. We have what hopefully will be a short meeting here.
Call to order and review of the agenda, which we're doing now. Public comments.
We're going to hear reports from the Town Treasurer Collector and potentially the Board of Library Trustees, although I think we're going to focus on the Treasurer Collector regarding funds in the Millennium Fund of the Town of Wayland Free Public Library.
Vote pursuant to Chapter 119 of the Acts of 2020-2026 to determine what existing monies of the Town were intended by donors to be part of the Millennium Fund.
Review and potential vote on meeting minutes from our meeting on June 22nd, 2026.
Hear any commission's reports and concerns.
Also, any topics not reasonably anticipated, 48 hours before the meeting, and then adjourn.
Before we get into it, do we have anybody here for public comment?
Amy Conway from the Library is in the Attendees tab, but I believe she's here for the Library discussion.
Amy, can you raise your hand if you want to public comment?
All right, and should we need Amy for any questions, we'll happily bring her over.
So let's get into it.
So this commission typically meets once we get disbursement requests, and so this is one of the rare situations where we have a deadline by which we need to act for other things to happen, for other boards.
Before Lily does her part, I thought it would be most beneficial to have Town Council here to explain what is going on, why we are having this meeting, and what exactly is being asked of us, why we have number three and four on the agenda, why we even need to hear reports, and what vote we're being asked to do.
So with that, Michael, I'll hand it over to you to provide that summary and explanation.
Happy to, Adam.
Thank you, and good afternoon to everyone, members of the board.
Lily, nice to see you again.
So I'll give just a brief overview and then happy to answer any questions.
So this meeting is really governed by the special act that recently emerged from the General Court, Chapter 119 of the Acts of 2026, which governs the Millennium Fund for the town's public library.
And so this fund has been in existence for a few decades now, and it has a substantial balance, you know, approaching $2 million of donations and bequests over the years from Wayland citizens and others who just, you know, wanted to support the library and its programming, which is really a wonderful thing.
And a couple of years ago, a question was raised through the town as to whether or not all of the proper procedures were accounted for when these donations were received over the years, right?
And if we read the statute that generally governs receipt of gifts by town officers, which is General Law, Chapter 44, Section 53A,
it requires, for example, that in order for interest to remain with a gift, there has to be a written grant agreement to that effect, right?
There were a couple of other questions, legal questions that were raised around the difference between a gift versus a bequest, what is properly in the Millennium Fund versus another fund.
And so there were sort of sufficient legal questions that had come up as a result of those items that the town determined and voted at a town meeting at the annual, I believe, in 2025 to send a special legislation to the general court to basically clean up any of those issues, right?
Because the intent of this fund was we had received hundreds or thousands of gifts over the years, gratefully, from citizens of the town to support the library.
There was no way we were going to be able to, for example, to pick up on one of the legal questions, have written grant agreements with all of these donors, right?
Sometimes these were $5 checks or cash, right?
And so the benefit of the special act is it eliminates that requirement and also retroactively says that all funds that the town had previously collected are now subject to this act, are properly accounted for,
and we have a mechanism for collection and disbursement going forward.
So it's exciting that that act passed.
It took some time to work through Beacon Hill.
It emerged just about a month ago.
That's the summary.
Let me pause there to see if there are questions before I turn to why we're having this meeting today.
Barry or Rob, any questions?
Nope.
Keep going, Michael.
Perfect.
Thank you, Adam.
So that brings us to why we're here today, which is what the special act did is it formalized the process that was really already existing in practice, right?
Which is that this was treated as a trust fund, and the library trustees would request disbursements, and the trust fund commissioners would approve disbursements.
So that procedure is now formalized and remains in place.
But one of the things that we needed was we needed this board as the custodians of the funds to certify what money is in the Millennium Fund as of the time that the bill passed, right?
Because the point of the bill is to take all the stuff from over the past couple of decades and say, we're wiping the slate clean.
All of this stuff is now going to be subject to the new rule and the new statute that we have established.
And any of those legal questions from the past couple of decades, they all get cleanly wiped away.
And so that is the vote that we're looking for today, which is for the trust fund commissioners to formally certify that the monies in the Millennium Fund are, in fact, the Millennium Fund, which I anticipate should be a quick vote.
And then the special act will be fully in effect, and we'll be able to proceed with fundraising and using the monies to support the great work the library does.
Thank you, Michael. Any questions, Rob or Barry?
Adam, I assume we'll get into at what point we're kind of looking at the balance. Obviously, it's been occurring since the bill passed, but we're going to have a point in time approval. Yes, and that's where Billy's going to jump in and help us with that. That's the sort of hear reports. And Barry, it looked like you might have had a question or a comment. So we, in the last, I guess, two years, have been struggling with the Millennium Fund and our role in it. So I guess my question to Mr. D'Ortenzio is, what have you, if anything, done to research our ability to even vote on this, given the, are you familiar with the background that we've had over the last couple of years with the Millennium Fund? To some extent, I am, Barry. What extent do you have? So I've taken a look at some of the Millennium Fund materials going back to the 90s when we were drafting the Special Act. So not just the past two years, but going back before that as well. And we crafted the Special Act to clarify the Trust Fund Commissioner's role and to ensure that you do have a role, that there is a statute that says that, whereas before the Special Act, it was arguably unclear. OK. So you feel confident in advising us that we have, I suppose, not only a duty, but a right as the Trust Fund Commission to make this vote or, you know, at least have this vote have the effect that it needs to have. Is that correct? That's your legal opinion? That's correct, Barry. And prior to the Special Act, I probably wouldn't have been so definitive, right, because part of the issue was that generally you are overseeing bequests, right? I mean, in most cases, right, sort of a chunk of money left during a person's will for a particular purpose, right, establishing a trust fund. And part of the legal question with the Millennium Fund was those bequests had sort of become commingled with a variety of small gifts, right, which are governed by a different statute. And so that was part of the issue we were looking for a Special Act to resolve. And fortunately, that's what the Special Act does. It says now, moving forward, the Trust Fund Commissioners, it doesn't matter how the money is received, if it's a gift or a bequest and it goes into the Millennium Fund, that's what the donor wants, then the Trust Fund Commissioners oversee the investments, and the Trust Fund Commissioners approve disbursements at the library's requests. Okay. And I recall, it was maybe two years ago now, maybe a year and a half ago, that your law firm put together a memorandum for us in this part. Did you write that? I did. Okay. I was going to ask if you read it, but I suppose if you wrote it, that negates that. You're an attorney, you should not presume that to be the case. I can presume that as an attorney that he has written something, he has read something that he's signed. There you go. Yes. Yes. The ethical rules. Recent, many recent cases in the courts, not with stand-up. Yeah.
All right. So, yeah, that answers my question. I appreciate all that information. Thank you. And Adam, may I just add one other point? Just, Barry, to make sure I'm complete, which is so, I can send around a link to the Special Act. If you, that way you can see the full thing, not just the particular subsection that we're dealing with today. But what you'll see for the future, right, is that the trust fund commissioners are the custodian of the Millennium Fund. I'm sorry, the treasurer is the custodian of the Millennium Fund, but the treasurer invests and reinvests the fund at the direction of the trust fund commissioners. So, your usual role in, you know, seeing reports from the Bartholomew Company, which you currently use, advising on, that strategy will continue. And then the act provides that the treasurer expends money therefrom, as directed by the Board of Library Trustees. So, going forward, I'll provide you a link to the Act, and that way we can make sure we're all on the same page on what comes next. But today, the goal is to take all of the funds that have already been collected and to bless those as constituting the Millennium Fund and eliminate any of the questions that existed in the past. Yeah, I'll provide a little bit of context, and I will acknowledge at the outset that this is going to sound pessimistic and cynical, and I'm going to restrain my feelings on this. But what happened here is that a certain member of the Library Board of Trustees rushed to cause this special act to come to town meeting without ever conferring with the trust fund commission, despite the fact that the language of the special act imposes particular requirements upon the trust fund commission. So, for whatever reason, despite the fact that said member is fully aware of our authority and the questions that this board, this commission, caused the entire issue never came to us to consult or confer with us with respect to that. Now, that said, that can't be modified. I have made it very clear to that member that we are a separate commission, hence why the board needs to come to us to request disbursements. And so, moving forward, anytime they're going to try and do anything that affects or modifies or provides us authority, it would be a common courtesy to consult and confer with us about that. So, this special act provided a deadline of 30 days from when the governor signed the special act for us to act. Fortunately, we are a board and a commission that is rather flexible and are able to accommodate that. And so, I greatly appreciate both of your availability and Attorney Diortenzio, your availability, and Lily. You know, I know this is a crazy time of year for you. So, really, my hat goes off to Lily here because this was an unnecessary fire drill for the treasure collector who is wrapping up one fiscal year and starting up a new fiscal year while having to deal with modifications to munis and many other things. And so, it was, unfortunately, rather inconsiderate of the authors of the special act to not, at least as a courtesy, talk to the treasure collector about how this would do anything to her. So, with that said, because there was, I understand that they thought this was going to be ministerial and that we were able to just basically look at a balance and that would be it. Lily has done yeoman's work here in the past, you know, number of days so that she can provide us a report. And so, with that, Lily, I'm going to hand it over to you and if you can help us understand as we sit here today what is in the Millennium Fund and what amount we should be considering. Okay. So, I did speak to Brian Jamrose yesterday morning of Bartholomew and Company to pursue the request that we have a most updated balance right before this meeting and was told that that's really not feasible for them the way they operate. And that the June 30th, 2026 statements is what we should be referencing for current value for cash and market value. Every month we get these reports and we post the interest that has accrued on all of the trust funds. So, the ending overall balance for the trust, you can see I'm looking at the Wayland Trust Excel spreadsheet. It's the same thing as the PDF. The library reports are the same, just focusing on the library. So, the month ending statement value for June 30th is a total of $6,140,203.33. So, using that column P and honing in on the Millennium Fund specifically, the ending market value is $1,703,147.11. That said, we have had a couple transfers into the Millennium Fund since June 30th. If that board wants to consider that as part of the balance or just vote on the June 30th balance, I'll leave that up to the commission. But we did have a $50, $20, and $500 transfer into the Millennium Fund since June 30th. My understanding is Michael keeps referencing all of these gifts that have been in existence forever. Bartholomew did note that the Library Endowment Fund is what it was referenced as in 2016, and the name changed to the Millennium Fund in 2017. So, we've known it as the Millennium Fund since 2017. So, I don't think the operation of the fund is going to be any different because anything intended for Millennium gifts have gone to that fund specifically. Okay. So, before I open it to Rob and Barry, if I'm understanding the number that it's your recommendation after going through everything that we would be voting on is the $1,703,000 number? That is the ending market value on June 30th. But if you want to go with the ending cash value because market fluctuation, so on and so forth, that is column M, and it is $1,437,724,70. I appreciate that. That might be the safer number given the market that we live in these days. Okay. Okay. Barry, Rob, any questions? Just a question maybe for Michael. Is there an effective date for our vote today? Is it effective today or will it be effective when the special act just passed? And I'm asking just in terms of reference for those gifts that have come in since the 6.30 date and whether we should be including those. Yeah. No, that's a great question. And so, Rob, what I might think about as a motion is maybe to say that the Millennium, to take a vote, that the Millennium Fund constitutes all funds in the custody of Bartholomew in the line, the Millennium Fund, which was the number that Lillie gave as of June 30th. And that way, you know, you kind of have the best of both worlds. Those, the 200, the 20, the 50 that Lillie have mentioned have been sent to Bartholomew. So they're in Bartholomew's custody. We can consider that as within that line item, even if it's, you know, in the transfer process. And we have that nice firm number from the most recent report. That's a true result. Thanks, Michael.
Barry? No questions. Okay. So, Lillie, anything else on your end that you'd like to add? Anything else you think we need to know? No, I mean, I think it's fairly straightforward. I had questioned whether or not we needed to actually create a whole new revenue account in Munis. My understanding is they did do that. It's got a new charge code, so we can track that specifically in our financial software moving forward. But it's been maintained as a trust fund, Millennium Fund, since 2017. So I'll just continue to do what I have been doing. Okay, great. I guess my only question, I don't know if this is for both Michael and Lillie, is given that we have $570 of donations since the June 30th report,
is it that we should say that the funds held on behalf of the town by Bartholomew plus $570? Would that be the safest approach? Adam, may I just ask a clarifying question of Lillie, which is, Lillie, those have all been sent to Bartholomew, right? So they may not be appearing yet, but Bartholomew has sort of custody of those checks? Well, yeah, it's not the checks per se. Okay, so the checks actually get deposited into our main general fund bank account, and then I do the transfer from our general fund bank to the trust funds bank account. And then it's put in the accounting report in the correct trust fund line. So those transmissions have been processed, I received the confirmation back that they were done, so they should be reflected on the July monthly accounting statement. Okay, excellent. Thank you. All right, so in that vein, I would entertain a motion, and I'm going to read something, because I think that given that we're talking about legislation and a special act, I'm going to be rather particular, and hopefully you all will be comfortable with it and somebody would so move. But I would entertain a motion pursuant to Section 4 of Chapter 119 of the Act of 2026 to determine that all funds held on behalf of the Town of Wayland by Bartholomew and Company in the account labeled the Millennium Fund was intended by donors to be a part of the Millennium Fund of the Town of Wayland Free Public Library and to transfer such monies into the Millennium Fund. Would either of you be willing to make that motion? I will make such a motion as you stated it. Okay, and do we have a second? Second. All right. Any discussion? Hearing none. We'll do a roll call vote. Barry?
Yes. Rob? Yes. And I will say yes. So it's 3-0. It is unanimous. Michael, thank you again for all your work on this. You're welcome to stay for reviewing minutes, but I'll spare you. I appreciate your time and answering our questions. Well, thank you, Adam, and members of the board. It's nice to meet you. I appreciate it. And Adam, I'll follow up with you. We'll get a copy of your minutes for our file, so we can close this out whenever those are ready. And we'll have the vote. We'll have the balance as of June 30th, and we'll be good to go. So thank you all. Thanks, Michael. Much appreciated. On that note, actually, are you okay with draft minutes? Would that be sufficient? Oh, yeah. That's perfectly fine. Yep. Absolutely. All right. Awesome. Thanks, Michael. Great. Thank you. Have a good afternoon, everyone. Thank you, Lily. All right. I greatly appreciate, Barry and Rob, your ability to jump on this real quick. And Lily, again, I can't say thank you enough. This was an unnecessary fire drill, and I really, I think I speak on behalf of all three commissioners. What I said to Lily is, did she allow this meeting to operate like a duck, which is on the surface? Everything looks fine. Little do you know that underneath the water, there's a whole lot that was going on. So thank you for that, Blake. On that note, I believe I circulated the draft minutes from June 22nd. Since we're meeting, we may as well, you know, go over that. Are there any edits, comments with respect to those? I would entertain a motion to approve them. I'll move to approve. And is there a second? I'll second. All right. Roll call vote. Barry? Yes. Rob? Yes. And I am a yes as well. So those are approved. I'll get those over. And then we look at our agenda. Any reports and concerns on either of your parts? None? I am not aware of anything that's happened in the past 48 hours that was not reasonably anticipated. And so on that, I would entertain a motion to adjourn at 12.56 p.m. I'll move to adjourn. All right. Second? Second. All right. Roll call vote. Yes. Yes. And I'm yes, too. All right. Thank you all. Take care. All right. Thank you. All right. All right. All right. All right. All right. All right. All right. All right. All right. All right. All right. All right. All right. All right. All right. All right. All right. All right. All right. All right. All right. All right. All right. All right. All right. All right. All right.
Thank you, Michael. Any questions, Rob or Barry?
Adam, I assume we'll get into at what point we're kind of looking at the balance. Obviously, it's been occurring since the bill passed, but we're going to have a point in time approval. Yes, and that's where Billy's going to jump in and help us with that. That's the sort of hear reports. And Barry, it looked like you might have had a question or a comment. So we, in the last, I guess, two years, have been struggling with the Millennium Fund and our role in it. So I guess my question to Mr. D'Ortenzio is, what have you, if anything, done to research our ability to even vote on this, given the, are you familiar with the background that we've had over the last couple of years with the Millennium Fund? To some extent, I am, Barry. What extent do you have? So I've taken a look at some of the Millennium Fund materials going back to the 90s when we were drafting the Special Act. So not just the past two years, but going back before that as well. And we crafted the Special Act to clarify the Trust Fund Commissioner's role and to ensure that you do have a role, that there is a statute that says that, whereas before the Special Act, it was arguably unclear. OK. So you feel confident in advising us that we have, I suppose, not only a duty, but a right as the Trust Fund Commission to make this vote or, you know, at least have this vote have the effect that it needs to have. Is that correct? That's your legal opinion? That's correct, Barry. And prior to the Special Act, I probably wouldn't have been so definitive, right, because part of the issue was that generally you are overseeing bequests, right? I mean, in most cases, right, sort of a chunk of money left during a person's will for a particular purpose, right, establishing a trust fund. And part of the legal question with the Millennium Fund was those bequests had sort of become commingled with a variety of small gifts, right, which are governed by a different statute. And so that was part of the issue we were looking for a Special Act to resolve. And fortunately, that's what the Special Act does. It says now, moving forward, the Trust Fund Commissioners, it doesn't matter how the money is received, if it's a gift or a bequest and it goes into the Millennium Fund, that's what the donor wants, then the Trust Fund Commissioners oversee the investments, and the Trust Fund Commissioners approve disbursements at the library's requests. Okay. And I recall, it was maybe two years ago now, maybe a year and a half ago, that your law firm put together a memorandum for us in this part. Did you write that? I did. Okay. I was going to ask if you read it, but I suppose if you wrote it, that negates that. You're an attorney, you should not presume that to be the case. I can presume that as an attorney that he has written something, he has read something that he's signed. There you go. Yes. Yes. The ethical rules. Recent, many recent cases in the courts, not with stand-up. Yeah.
All right. So, yeah, that answers my question. I appreciate all that information. Thank you. And Adam, may I just add one other point? Just, Barry, to make sure I'm complete, which is so, I can send around a link to the Special Act. If you, that way you can see the full thing, not just the particular subsection that we're dealing with today. But what you'll see for the future, right, is that the trust fund commissioners are the custodian of the Millennium Fund. I'm sorry, the treasurer is the custodian of the Millennium Fund, but the treasurer invests and reinvests the fund at the direction of the trust fund commissioners. So, your usual role in, you know, seeing reports from the Bartholomew Company, which you currently use, advising on, that strategy will continue. And then the act provides that the treasurer expends money therefrom, as directed by the Board of Library Trustees. So, going forward, I'll provide you a link to the Act, and that way we can make sure we're all on the same page on what comes next. But today, the goal is to take all of the funds that have already been collected and to bless those as constituting the Millennium Fund and eliminate any of the questions that existed in the past. Yeah, I'll provide a little bit of context, and I will acknowledge at the outset that this is going to sound pessimistic and cynical, and I'm going to restrain my feelings on this. But what happened here is that a certain member of the Library Board of Trustees rushed to cause this special act to come to town meeting without ever conferring with the trust fund commission, despite the fact that the language of the special act imposes particular requirements upon the trust fund commission. So, for whatever reason, despite the fact that said member is fully aware of our authority and the questions that this board, this commission, caused the entire issue never came to us to consult or confer with us with respect to that. Now, that said, that can't be modified. I have made it very clear to that member that we are a separate commission, hence why the board needs to come to us to request disbursements. And so, moving forward, anytime they're going to try and do anything that affects or modifies or provides us authority, it would be a common courtesy to consult and confer with us about that. So, this special act provided a deadline of 30 days from when the governor signed the special act for us to act. Fortunately, we are a board and a commission that is rather flexible and are able to accommodate that. And so, I greatly appreciate both of your availability and Attorney Diortenzio, your availability, and Lily. You know, I know this is a crazy time of year for you. So, really, my hat goes off to Lily here because this was an unnecessary fire drill for the treasure collector who is wrapping up one fiscal year and starting up a new fiscal year while having to deal with modifications to munis and many other things. And so, it was, unfortunately, rather inconsiderate of the authors of the special act to not, at least as a courtesy, talk to the treasure collector about how this would do anything to her. So, with that said, because there was, I understand that they thought this was going to be ministerial and that we were able to just basically look at a balance and that would be it. Lily has done yeoman's work here in the past, you know, number of days so that she can provide us a report. And so, with that, Lily, I'm going to hand it over to you and if you can help us understand as we sit here today what is in the Millennium Fund and what amount we should be considering. Okay. So, I did speak to Brian Jamrose yesterday morning of Bartholomew and Company to pursue the request that we have a most updated balance right before this meeting and was told that that's really not feasible for them the way they operate. And that the June 30th, 2026 statements is what we should be referencing for current value for cash and market value. Every month we get these reports and we post the interest that has accrued on all of the trust funds. So, the ending overall balance for the trust, you can see I'm looking at the Wayland Trust Excel spreadsheet. It's the same thing as the PDF. The library reports are the same, just focusing on the library. So, the month ending statement value for June 30th is a total of $6,140,203.33. So, using that column P and honing in on the Millennium Fund specifically, the ending market value is $1,703,147.11. That said, we have had a couple transfers into the Millennium Fund since June 30th. If that board wants to consider that as part of the balance or just vote on the June 30th balance, I'll leave that up to the commission. But we did have a $50, $20, and $500 transfer into the Millennium Fund since June 30th. My understanding is Michael keeps referencing all of these gifts that have been in existence forever. Bartholomew did note that the Library Endowment Fund is what it was referenced as in 2016, and the name changed to the Millennium Fund in 2017. So, we've known it as the Millennium Fund since 2017. So, I don't think the operation of the fund is going to be any different because anything intended for Millennium gifts have gone to that fund specifically. Okay. So, before I open it to Rob and Barry, if I'm understanding the number that it's your recommendation after going through everything that we would be voting on is the $1,703,000 number? That is the ending market value on June 30th. But if you want to go with the ending cash value because market fluctuation, so on and so forth, that is column M, and it is $1,437,724,70. I appreciate that. That might be the safer number given the market that we live in these days. Okay. Okay. Barry, Rob, any questions? Just a question maybe for Michael. Is there an effective date for our vote today? Is it effective today or will it be effective when the special act just passed? And I'm asking just in terms of reference for those gifts that have come in since the 6.30 date and whether we should be including those. Yeah. No, that's a great question. And so, Rob, what I might think about as a motion is maybe to say that the Millennium, to take a vote, that the Millennium Fund constitutes all funds in the custody of Bartholomew in the line, the Millennium Fund, which was the number that Lillie gave as of June 30th. And that way, you know, you kind of have the best of both worlds. Those, the 200, the 20, the 50 that Lillie have mentioned have been sent to Bartholomew. So they're in Bartholomew's custody. We can consider that as within that line item, even if it's, you know, in the transfer process. And we have that nice firm number from the most recent report. That's a true result. Thanks, Michael.
Barry? No questions. Okay. So, Lillie, anything else on your end that you'd like to add? Anything else you think we need to know? No, I mean, I think it's fairly straightforward. I had questioned whether or not we needed to actually create a whole new revenue account in Munis. My understanding is they did do that. It's got a new charge code, so we can track that specifically in our financial software moving forward. But it's been maintained as a trust fund, Millennium Fund, since 2017. So I'll just continue to do what I have been doing. Okay, great. I guess my only question, I don't know if this is for both Michael and Lillie, is given that we have $570 of donations since the June 30th report,
is it that we should say that the funds held on behalf of the town by Bartholomew plus $570? Would that be the safest approach? Adam, may I just ask a clarifying question of Lillie, which is, Lillie, those have all been sent to Bartholomew, right? So they may not be appearing yet, but Bartholomew has sort of custody of those checks? Well, yeah, it's not the checks per se. Okay, so the checks actually get deposited into our main general fund bank account, and then I do the transfer from our general fund bank to the trust funds bank account. And then it's put in the accounting report in the correct trust fund line. So those transmissions have been processed, I received the confirmation back that they were done, so they should be reflected on the July monthly accounting statement. Okay, excellent. Thank you. All right, so in that vein, I would entertain a motion, and I'm going to read something, because I think that given that we're talking about legislation and a special act, I'm going to be rather particular, and hopefully you all will be comfortable with it and somebody would so move. But I would entertain a motion pursuant to Section 4 of Chapter 119 of the Act of 2026 to determine that all funds held on behalf of the Town of Wayland by Bartholomew and Company in the account labeled the Millennium Fund was intended by donors to be a part of the Millennium Fund of the Town of Wayland Free Public Library and to transfer such monies into the Millennium Fund. Would either of you be willing to make that motion? I will make such a motion as you stated it. Okay, and do we have a second? Second. All right. Any discussion? Hearing none. We'll do a roll call vote. Barry?
Yes. Rob? Yes. And I will say yes. So it's 3-0. It is unanimous. Michael, thank you again for all your work on this. You're welcome to stay for reviewing minutes, but I'll spare you. I appreciate your time and answering our questions. Well, thank you, Adam, and members of the board. It's nice to meet you. I appreciate it. And Adam, I'll follow up with you. We'll get a copy of your minutes for our file, so we can close this out whenever those are ready. And we'll have the vote. We'll have the balance as of June 30th, and we'll be good to go. So thank you all. Thanks, Michael. Much appreciated. On that note, actually, are you okay with draft minutes? Would that be sufficient? Oh, yeah. That's perfectly fine. Yep. Absolutely. All right. Awesome. Thanks, Michael. Great. Thank you. Have a good afternoon, everyone. Thank you, Lily. All right. I greatly appreciate, Barry and Rob, your ability to jump on this real quick. And Lily, again, I can't say thank you enough. This was an unnecessary fire drill, and I really, I think I speak on behalf of all three commissioners. What I said to Lily is, did she allow this meeting to operate like a duck, which is on the surface? Everything looks fine. Little do you know that underneath the water, there's a whole lot that was going on. So thank you for that, Blake. On that note, I believe I circulated the draft minutes from June 22nd. Since we're meeting, we may as well, you know, go over that. Are there any edits, comments with respect to those? I would entertain a motion to approve them. I'll move to approve. And is there a second? I'll second. All right. Roll call vote. Barry? Yes. Rob? Yes. And I am a yes as well. So those are approved. I'll get those over. And then we look at our agenda. Any reports and concerns on either of your parts? None? I am not aware of anything that's happened in the past 48 hours that was not reasonably anticipated. And so on that, I would entertain a motion to adjourn at 12.56 p.m. I'll move to adjourn. All right. Second? Second. All right. Roll call vote. Yes. Yes. And I'm yes, too. All right. Thank you all. Take care. All right. Thank you. All right. All right. All right. All right. All right. All right. All right. All right. All right. All right. All right. All right. All right. All right. All right. All right. All right. All right. All right. All right. All right. All right. All right. All right. All right. All right. All right.