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Board withholds police‑building retainage and moves to execute town manager contract
Summary
The board agreed to withhold retainage on the police‑department construction contract pending winter verification of repairs and moved to execute an employment agreement for the town manager while electing retirement‑plan treatment described in the contract.
Members reviewed holdbacks on the new police building and agreed to withhold $50,774 in retainage until remaining issues are verified over the coming winter. The chief recommended retaining the funds until he can confirm outstanding items are fixed; the board asked staff and the chief to identify specific items and suggested partial releases tied to completed repairs.
Separately, the board moved to execute an employment agreement described in the transcript (named as James Pennego) and approved a retirement‑plan election that will exempt the town manager from the New Hampshire Retirement System and apply the same contribution percentage to a Mission Square Retirement 457 plan. The motion and second carried; the employment agreement was to be finalized pending the background check referenced earlier in the record.
No formal dollar adjustments to the retainage were made during the meeting; members directed staff to work with the chief and town manager to produce a list of outstanding items and suggested partial releases be considered as work is certified.
