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Rangeley board awaits bank response after incorrect check deposit to local nonprofit
Summary
Town staff told the Select Board that the town's bank and the other bank are now communicating about an affidavit after a check was cashed in error; trustees urged staff to set a two‑week timeline for resolution and discussed provisional credit as an interim measure.
Town staff updated the Rangeley Select Board on an ongoing dispute after a check intended for the town's nonprofit partner was cashed by another party.
Speaker 5 said the town's attorney has contacted the other bank and that the town has provided an affidavit; bank contacts have recently re‑engaged. Board members discussed options, including asking the bank for a provisional credit so the nonprofit could be paid while the banks resolve the issue. Speaker 7 suggested issuing the nonprofit a check and seeking reimbursement from the bank, but staff advised waiting for legal advice.
"They've received our affidavit and they understand there's an issue," Speaker 5 said. Several members urged staff to set a firm two‑week window for the banks to make substantive progress and return to the board with an update.
No formal motion to issue town funds was taken; the board directed staff to await the town attorney's advice and report back within the suggested timeline.
