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Board approves $100,000 supplemental appropriation for Sugarloaf Cut rental rehabilitation
Summary
The Board approved a $100,000 supplemental appropriation from the residential rental property special revenue fund to rehabilitate 15 Sugarloaf Cut; staff said the work includes roofing, siding and interior renovations and that the property manager uses a published waiting list to select tenants.
The Board of Finance unanimously approved a supplemental appropriation of $100,000 at its Oct. 21 meeting to rehabilitate a town-owned rental home at 15 Sugarloaf Cut.
The motion asked the board to approve the appropriation “effective 10/21/2025 to approve a supplemental appropriation for 15 Sugarloaf Cut rehabilitation project in the amount of $100,000 paid with reserves from the residential rental property special revenue fund, subject to the recommendation of the Board of Selectmen.” A board member moved, another seconded, and the motion “carries unanimously.” The meeting record does not name the mover or second.
Staff said the house is an older unit that has not been substantially updated in many years and that the recommended scope includes roofing and exterior repairs (clapboard siding replacement where needed), interior renovations such as kitchens and bathrooms, new finishes, and lighting. Town staff said the project carries contingency because the home is old and unforeseeable conditions commonly arise when walls and floors are opened.
Tom (town staff) described how tenants are selected: Imagineers, the town’s property manager, maintains a published tenant list on the social services website and assigns available units based on income and qualification; the first qualified family on the list is offered the unit. Amy (finance staff) said the residential rental property fund generally runs with a healthy reserve and reported a reserve balance of about $586,000.
Staff described the rehabilitation as intended to return the unit to service quickly so a qualifying family can move in; staff estimated the house is roughly 1,800–2,000 square feet and said it is not on the historic register. The board approved the appropriation subject to the Board of Selectmen’s recommendation because the Selectmen had not yet reviewed the request at the time of the Finance meeting.
Why it matters: the appropriation uses existing special‑revenue reserves dedicated to residential rental properties; officials said the fund usually returns a surplus and that the program is designed to keep units available and maintained for low‑income households.
What’s next: staff will forward minutes and the written Q&A to the Board of Selectmen for their recommendation and will proceed with contractor selection and project scheduling once the Selectmen’s review is complete.
