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Finance Committee reviews Town Hall HVAC replacement plan and funding options
Summary
Committee discussed a proposed Town Hall HVAC replacement project ($3.75 million project cost, $1 million grant referenced) and financing options, including a 30-year borrowing plan; staff noted the renovation would likely require remediation and accessibility upgrades and may need temporary staff relocation.
The Finance Committee discussed the Town Hall HVAC replacement as a potential article for Town Meeting, reviewing projected costs, funding sources and practical implications for staff and operations.
Speaker 9 summarized slide figures cited during the meeting: a referenced grant of $1 million against a total project cost presented as $3.75 million, leaving an estimated funding gap the…
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