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Selectboard authorizes $500,000 bond question for ladder truck on Town Warning
Summary
The Selectboard voted to place a ballot question on the Town Warning asking voters to authorize up to $500,000 in bonds toward purchasing a ladder truck (estimated cost $750,000), subject to grants and reserve funds.
The Windsor Selectboard authorized placing a bond question on the Town Warning that would allow general obligation bonds or notes up to $500,000, subject to federal and state grants and reserve funds, to be issued toward acquiring a ladder truck (the agenda lists an estimated project cost of $750,000). T. Marsh advised that the board must authorize placing the question on the warning; J. Johnson moved to do so and T. Howard seconded. The board recorded a unanimous roll-call vote to place the question on the warning.
The ballot language read in the agenda states: "Shall general obligation bonds or notes in an amount not to exceed FIVE HUNDRED THOUSAND DOLLARS ($500,000), subject to reduction by the application of federal and state grants-in-aid and reserve funds, be issued for the purpose of acquiring a ladder truck, the estimated cost of such improvements being SEVEN HUNDRED FIFTY THOUSAND DOLLARS ($750,000)?" The authorization to place the question on the warning does not itself commit the town to issue debt; the board’s vote permits the question to be presented to voters at Town Meeting.
