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Select Board told fire station project is six months behind and town will pursue remedies
Summary
The Select Board heard that the new fire station is roughly six months behind schedule with about $21.5 million in unspent bond proceeds; staff said they contacted the owner's project manager and will monitor arbitrage compliance and may pursue contract remedies.
Select Board members reported a six-month delay on the town's fire station construction project and described financial follow-up steps.
At the meeting a member of the board said the project was "about six months behind schedule" and noted the town currently holds roughly $21,500,000 in unspent bond proceeds for the project. Because the town has not met certain bond-spend thresholds, staff said the town must continue arbitrage monitoring and has engaged (or will engage) a consultant to ensure compliance with federal tax rules and to calculate any required payments. The board said it has asked the owner's project manager (OPM) to explain and rectify the schedule and to push contractors to accelerate work where feasible.
Board members discussed practical remedies, including overlapping crews, weekend work, and closer OPM oversight. The town acknowledged there will be financial impacts tied to extended timing (staff cited an example cost of about $1,500 for monitoring and related obligations) and said it will update the board after follow-up conversations with contractors and the OPM.
The board asked for regular updates and said oversight would continue until the schedule is back on track.
