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Select Board votes to use bond proceeds to pay off Truck No. 1 after Oct. 30 payment
Summary
The board approved a motion, moved by John Gregory and seconded by Anna Keegan, to pay off Truck No.1 using excess bond funds after the Oct. 30, 2025 payment of $43,609.15; the motion carried by voice vote.
At the Oct. 9 Select Board meeting, a motion to pay off Truck No. 1 with excess bond proceeds after the Oct. 30 payment was moved, seconded and approved.
The motion, read into the record by a board member, stated the board would “pay off truck number 1 with the excess money from the bond after the October 30 payment, $43,609.15.” The motion was identified in the minutes as moved by John Gregory and seconded by Anna Keegan; a voice vote followed and the board chair declared the motion passed.
Board discussion before the vote referenced the timing of the scheduled payment, per-diem adjustments that could change the exact payoff figure, and how retaining the freed-up capital budget dollars would allow the town to reallocate funds to other capital needs.
The board asked staff to confirm the exact per-diem payoff amount and to return final figures for accounting and capital-budget updates.
