Get email alerts on the Capital Purchase topic
No spam. Unsubscribe anytime.
Selectboard authorizes loan application for F-600 purchase
Summary
The board authorized the Treasurer to apply for a 5-year, $110,000 loan at 4.99% from Community Bank NA to purchase an F-600 truck, with level principal payments of $11,000 per year; the motion passed unanimously.
Selectboard members approved a motion authorizing the Town Treasurer to sign a loan application with Community Bank NA for a 5-year, $110,000 loan at a 4.99% interest rate to purchase an F-600 truck. The board noted level principal payments of $11,000 and semi-annual payments in the loan terms.
The authorization was approved unanimously. Board members did not specify the delivery or procurement timeline at the meeting; financing terms and final approval will proceed through the Treasurer and the lender.
AI generated
The text on this page is AI generated. Summaries, highlights, analysis, and video transcripts are all produced from the original source material.
AI can make mistakes, so if you spot one, and we will fix it for everyone.
Note: the source content is unaltered by us. Any content source we link to, be it a video, an audio recording, or a document, is presented exactly as its publisher released it. That publisher is usually a government body, sometimes an individual official or another organisation.
