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Townsend board approves 15-year loan for $900,000 town hall project
Summary
Township officials voted to borrow $900,000 for a new town hall and selected a 15-year repayment term; bids will be opened June 24 and donated storage will hold town items during construction.
Chairperson Monica Zeller said the board will finance a planned town hall by borrowing $900,000 and moved to adopt a 15-year repayment schedule; the motion, seconded by Supervisor Willie Evans, passed unanimously.
The board reviewed payment estimates for several terms: roughly $200,000 annually over five years, about $114,000 for 10 years, approximately $90,000 for 15 years and an estimated $73,000 for 20 years. Zeller said bids for the town-hall construction will be opened on June 24. Townsend Storage has donated a storage unit for six months to hold items from the current hall; officials said some items will be sold on Facebook Marketplace.
The loan will be taken through BCPLA (name as recorded in the meeting minutes). The decision followed a staff presentation of budget implications and the board’s discussion of payment-term trade-offs. No roll-call vote tally was recorded in the minutes; the meeting record shows the motion passed (M/A).
Next steps: bids will be reviewed after the June 24 opening and the board will report back with contractor selections and a construction timetable.
