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Selectmen approve M&T Bank financing for new fire truck; SCBA purchase deferred to next meeting
Summary
The Andover Board of Selectmen voted 5–0 to use M&T Bank as the lender for financing a new fire truck after reviewing preliminary terms; a related purchase of self-contained breathing apparatus (SCBA) was discussed but tabled for a final proposal at the next meeting.
The Andover Board of Selectmen voted 5–0 on July 14 to authorize using M&T Bank to finance the town's planned fire truck purchase after reviewing preliminary terms and a proposed payment schedule. The board discussed the separate request from the Fire Department for SCBA equipment and agreed to take that up at the next meeting once final numbers are ready.
Why it matters: The truck purchase is a capital project the town has saved for; approving a bank to provide financing finalizes the procurement pathway and sets an approximate annual payment the town will budget for while the SCBA purchase still awaits formal…
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