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Board authorizes tax‑exempt lease to refinance town photocopier equipment
Summary
The select board approved a tax‑exempt lease with MST Government Leasing LLC to refinance and fund copier equipment leases and authorized the town manager to execute related documents; terms discussed included interest and a maximum amount cited in the record.
The Bridgton select board approved a tax-exempt lease with MST Government Leasing LLC to refinance and fund photocopier equipment leases and related issuance costs, and authorized the town manager to execute the lease and required documents.
During the agenda segment, the board discussed corrective wording and moved to approve a lease 'in an amount not to exceed $22,2936' with an interest rate of 5.09% per year through Aug. 1, 2030 (figures reported verbatim from the transcript). A subsequent motion authorized the town manager to execute the lease and any documents required to contract with Specialized Purchasing Consultants Incorporated.
Both motions were seconded and passed by voice vote. The board did not read the full deed or lease terms aloud; members stated that the packet materials and corrected wording provide the terms the manager should execute.
Staff were authorized to finalize the documents consistent with the terms discussed and to report executed agreements for the record.
