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Selectboard approves bills, minutes and adjournment; board agrees to move money-market funds to avoid service fees
Summary
At its May 6 meeting the Weybridge Selectboard unanimously approved payment of presented bills, approved April 1 minutes with one-word change, and voted to adjourn. The board also agreed to move Money Market Account funds to avoid service fees and later return funds to the operating account.
The Selectboard took several routine actions at its May 6 meeting. Stacey Rainey moved to accept the presented bills; Bill Mayers seconded and the motion passed unanimously. Later, Bill Mayers moved to approve the April 1 minutes with one word changed; Stacey Rainey seconded and that motion also passed unanimously. The meeting concluded when Stacey Rainey moved to adjourn and Bill Mayers seconded; the adjournment was unanimous.
Separately, the board agreed to transfer funds out of a Money Market Account into a regular account to avoid bank service fees. Three certificates of deposit (CDs) hold most of the town's funds; the board said the transfer would temporarily drop the account below the required balance but that funds would be returned to the operating account afterward.
