Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Finance topic
No spam. Unsubscribe anytime.
Select Board approves revised Monadnock Community Hospital PILOT, revaluation contract and multiple trust-fund expenditures
Summary
The Select Board authorized an updated PILOT with Monadnock Community Hospital, approved a revaluation contract with Vision, and voted to spend from multiple trust and capital reserve funds to cover equipment and bridge repairs and to support the Fire and Ambulance Station project.
The Peterborough Select Board on Jan. 7 approved several municipal finance items, including an updated Payment in Lieu of Taxes (PILOT) agreement with Monadnock Community Hospital, a contract for townwide revaluation services with Vision, and multiple trust-fund expenditures for capital projects.
Town staff said the revised PILOT modernizes a 2002 agreement, clarifies abbreviations for hospital practices and restates applicable state law and reporting requirements. Rich Scheinblum, representing Monadnock Community Hospital, reviewed abbreviations for the hospital’s various practice spaces. Select Board Chair Tyler Ward moved to approve the updated PILOT and authorize Town staff to sign; the motion passed on a voice vote with all in favor.
The board also approved a revaluation services contract with Vision. Staff said Vision has converted the town’s data into the new assessing database and that having Vision perform the revaluation will allow them to validate the conversion. Chair Ward moved to accept the revaluation proposal and to authorize staff to sign; the motion carried (seconded, all in favor).
Selectmen approved several trust and expendable trust fund disbursements after staff presented requests reviewed by TIF advisory and CIP committees. Approved requests included adding $3,039.10 to complete reimbursement for a cold storage trailer at the Recycling Center; $3,000 for tire recycling; $260,000 from the Fleet Management Capital Reserve Fund toward a six-wheeler (quote $235,056; delivery expected FY26); $4,800 for porta-potties in Depot Square; $12,877.50 for West Peterborough district infrastructure repairs; $484,000 for Grove Street bridge repairs; $450,000 for Elm Street bridge repairs; and $350,082 from the Municipal Facilities Campus Expendable Trust Fund for the Fire and Ambulance Station project. Chair Ward moved to approve all requests; the motion passed on a voice vote with all in favor.
The board appointed Helen Fairman to the Recreation Committee by unanimous vote and approved the Dec. 17, 2024 Select Board minutes as amended to correct a name error noted by staff.
These approvals were taken by voice vote; individual roll-call tallies were not recorded in the meeting minutes. The Select Board then joined the Budget Committee for a joint CIP and budget review.
