Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
Board accepts GMP utility terms for Fox Mountain Road, approves truck purchases and asset sales
Summary
Board approved Green Mountain Power cost-allocation terms for Fox Mountain Road development, authorized two truck purchases (one paid from reserves, one to be financed with a $10,000 contingency deposit), and approved sale of several assets including a zero-turn mower and a 2022 dump truck.
The board reviewed a Green Mountain Power proposal for Fox Mountain Road that clarifies cost responsibility: GMP requires the developer to pay for running primary wire and poles; GMP covers secondary wire up to 100 feet, while any secondary over 100 feet or underground conduit would be homeowner/contractor expense. After hearing the proposal, the board approved accepting the terms (motion by Steve Boyce, seconded by Patricia McDonough).
James Walker presented two truck purchase proposals. The board approved purchasing two trucks: Truck 1 to be paid in full from vehicle reserves (including upfitting) and Truck 2 to be financed. The board approved an amendment to use $10,000 from the contingency reserve for Truck 2’s deposit. The board also approved asset-sales proposals for a zero-turn mower, the 2022 dump truck, and new truck beds.
