Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
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.
