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Board reviews capital plan: $149,000 brush truck due in April, consultant recommends 20-year firehouse loan
Summary
Deep River's finance board discussed capital purchases and recommended loan terms: a brush truck costing $149,000 is expected in April and a consultant advised a 20-year loan rather than a 40-year term for the firehouse; further financing is planned later in the year.
The Deep River Board of Finance reviewed anticipated 2026 capital financing at its March 24 meeting, noting a brush truck delivery expected in April at a cost of $149,000 and that financing for both a fire truck and the brush truck is expected later in the year.
Board members discussed a consultant recommendation to favor a 20-year loan for the planned firehouse project over a 40-year term. No final loan authorization was recorded in the minutes; the recommendation was presented as consultant advice to guide future financing decisions.
The board also discussed capital-account management and monthly review of accounts. Members noted potential transfers among funds (discussion included possibly transferring capital funds to general fund) as part of cash-forecast planning.
Next steps: financing for vehicles and the firehouse will be addressed later in the year and a joint meeting with selectmen and the Firehouse Building Committee is to be scheduled to coordinate cost-saving and financing strategies.
