Selectboard authorizes $110,000 loan application for F-600 vehicle
The Selectboard authorized the Town Treasurer to sign a five-year loan application with Community Bank NA for $110,000 at 4.99% to purchase an F-600, with level principal payments of $11,000; motion passed unanimously.
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The Selectboard unanimously authorized the Town Treasurer to sign a loan application with Community Bank NA for a five-year loan of $110,000 at a 4.99% interest rate for purchase of an F-600. The board recorded that the loan will use level principal payments of $11,000, semi-annual payment structure. The motion to authorize the application was made by Scott Henkels and seconded by Ted Austin and approved without dissent.
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