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Ashland preservation committee plans $4 million CD allocation, gets parks updates
Summary
Chair Aaron Ladd told the Ashland Community Preservation Committee it will place $4,000,000 in a CD at 3.18% to earn revenue; the committee also heard that a softball field and dog park are due in June and the arboretum will wrap up this spring. Minutes were approved and the meeting adjourned.
Aaron Ladd, chair of the Ashland Community Preservation Committee, said the committee will place $4,000,000 in a certificate of deposit yielding 3.18% to earn revenue on its savings and provided progress updates on town projects at the committee’s April 7 meeting.
The financial update was the meeting’s central item. Ladd said the committee “would be used in a CD allocation at 3.18% to make revenue on savings.” That allocation is intended to generate interest income from the committee’s reserve funds; no vote on the investment was recorded in the transcript.
Ladd also reported construction timelines for three capital projects: the new softball field and a dog park are expected to be completed by June, and work at the arboretum will finish up this spring. The updates were presented as project-status announcements; the transcript does not record further budgetary details or contractor information.
The committee handled routine business items: Greg Wands moved to approve the Feb. 3, 2026 minutes, Rick James seconded, and the motion carried unanimously, 7-0-0. Later, Wands moved to adjourn at 8:30 p.m.; Devin Cashman seconded and the motion passed 7-0-0. The committee set its next meeting for April 28, 2026, at 7:00 p.m. in Town Hall Meeting Room B.
The meeting was brief and procedural; no formal votes on expenditures or project contracts were recorded in the transcript.
