Selectboard authorizes 5‑year loan for F‑600 purchase at 4.99% interest
The board authorized the Town Treasurer to submit a 5‑year, $110,000 loan application with Community Bank NA at 4.99% interest (level principal payments of $11,000) for purchase of a 2025 F‑600 truck.
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Treasurer Deb Jones presented two loan options for financing a $110,000 purchase of a 2025 F‑600. The Selectboard authorized the Town Treasurer to submit an application with Community Bank NA for a five‑year loan at 4.99% interest with semi‑annual payments and level principal payments of $11,000 per year. Ted Austin moved the motion, Scott Henkels seconded, and the motion passed unanimously.
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