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Otisfield Select Board agrees to follow investor's reinvestment suggestions
Summary
The Select Board agreed Feb. 11 to follow reinvestment suggestions from town investor Amy Chipman regarding funds managed on behalf of the town; no specific changes or dollar amounts were recorded in the minutes.
At its Feb. 11 meeting the Otisfield Select Board heard from Vice Chair Rick Micklon about recommendations from the town’s investor, Amy Chipman, on how to reinvest municipal funds held for the town. The board recorded unanimous agreement to follow her suggestions but did not record detailed instructions or dollar amounts at the meeting.
Rick Micklon summarized the suggestions and said the board would move forward with the recommended reinvestment approach; the minutes state "The Board all agreed to follow her suggestions." The record does not show a formal vote or the specific investment actions to be taken, nor does it list the amount of funds covered or a timeline for implementation.
The board did not set further implementation details during the meeting; any operational steps or formal votes would appear in future Select Board minutes.
