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Selectboard finalizes Town Office bond and several renovation change orders
Summary
The board approved bond financing and multiple change orders for the Town Office renovation; select change orders include insulation, foundation and underground power work with a plan to requisition bond proceeds soon after closing.
The Selectboard authorized final bond documents for the $1.3 million Town Office renovation financing and approved multiple construction change orders to finish the project.
Treasurer Tina Labeau and Town Administrator briefed the board on options for bond repayment and the board voted to seek a 20‑year term from the Vermont Bond Bank to lower overall interest costs. The board also authorized several change orders, including additional insulation work, underground power installation and foundation work — motions and approvals appear across meetings as the project advanced.
Why it matters: The renovations and financing set the town’s capital spending for years; the board balanced shorter payback with long‑term interest savings and accepted change orders to complete the building envelope and electrical work. The board required invoices and bond requisition procedures before final disbursement.
