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Finance director briefs Middlefield Board of Finance on $38,292.66 road‑paver lease proposal
Summary
At its July 9 meeting in Middlefield, the Board of Finance heard from Finance Director Michael Skelps about a Highway Department request to acquire a road paver through a three‑year lease totaling $38,292.66; the first year is fully funded by trade‑in and capital appropriations.
The Middlefield Board of Finance on July 9 heard a request from Finance Director Michael Skelps for the Highway Department to acquire a road paver through a proposed three‑year lease totaling $38,292.66.
Skelps told the board the first year of the lease would be fully funded using the paver trade‑in value and existing capital appropriations, and that only modest funding would be required in years two and three. The board did not take a formal vote on the acquisition at this meeting.
Skelps also reported that the town auditor would be on site July 15 and that the proposed budget would be published July 10, items the board flagged as part of the upcoming budget calendar.
The discussion was recorded in the Finance Director’s report; no motions or final approvals related to the paver were recorded in the minutes for this meeting. The board adjourned at 8:55 p.m.
