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Board discusses fire-truck replacement payments and reappraisal fund planning
Summary
Members reviewed a previously approved multi-year plan for fire-truck replacement and debated reappraisal reserve contributions after a past reappraisal cost cited at about $86,000; board agreed to keep a placeholder and revisit loan paperwork.
The board discussed a five-year plan tied to a previous vote that had aimed to set aside $50,000 annually for a fire-truck replacement; members noted outstanding loan paperwork and monthly bank payments of roughly $60,000 were expected once final documents are in hand. One participant said the town previously approved the approach at a town meeting but observed the funding mechanism should be re-examined.
On reappraisal, the group cited a past reappraisal cost of about $86,000 and debated whether to set aside $10,000–$15,000 annually to build a reappraisal reserve. A staff member recommended budgeting more conservatively given the known past costs and the possibility that future reappraisals could be required in four to six years. No final appropriation changes were adopted; the board asked staff to gather loan documents and current balances to present at the next session.
