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Randolph board discusses possible purchase of 20 reservoir water shares; price unclear
Summary
Mayor Sim Bell told the board that 20 water shares for the reservoir are available and "are being sold for $40,000"; the board discussed pros and cons, possible use of tourism grants or the town's water fund, and asked the accountant about funding — the transcript does not specify whether $40,000 is the total price or per share.
The Randolph Town Board discussed whether to acquire 20 water shares for the town reservoir at its March 11 meeting.
Mayor Sim Bell said the shares were available and "are being sold for $40,000." Board members discussed potential benefits (asset for future water supply) and concerns; some members expressed hesitation about purchasing the shares. The minutes record that the board considered applying for tourism grant funding to buy the shares but believed the Tourism Board was unlikely to award funds for that purpose. Clerk April Groll said she would consult the town accountant about whether the water fund could cover the purchase.
The transcript does not specify whether the $40,000 figure represents the total price for all 20 shares or a per-share price; that point was not clarified in the meeting minutes. No motion to purchase the shares was recorded.
Separately, Kaleb Thomson reported preliminary conversations with Brandon Peart about expanding the area around the spring and possibly buying some land; Mayor Sim Bell said he would follow up with Dan Peart.
