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Wayne considers $300,000 roads recommendation and possible bonding to cover paving program
Summary
Infrastructure committee recommended a $300,000 roads appropriation to support seven surface projects and several reclaim projects; staff discussed reserve balances and a bank meeting that outlined bond/anticipation‑note options with indicative mid‑4% rates.
Shannon McDonald, the town manager, told the committee the infrastructure committee voted to recommend $300,000 for road reconstruction and paving this year, noting the select board had suggested $250,000 with an expected $50,000 rollover to reach $300,000. The recommendation is intended to fund seven surface paving projects this summer and up to three reclaim projects in the fall.
Staff walked members through historical estimate work by Pike…
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