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Board approves financing for Transfer Station truck and extends Broadband Office loans
Summary
Commissioners approved financing for a new Transfer Station truck through a 7-year municipal lease at 2.5% interest and extended two Broadband Office loan due dates to Dec. 31, 2026 and Dec. 31, 2027.
The board authorized the Transfer Station to proceed with financing a new truck through the State Financing program under a 7-year municipal lease at a 2.5% interest rate with bi-annual payments. The Finance Committee had recommended the purchase and the board approved it by unanimous vote.
The board also approved extending the Broadband Office's $50,000 loan due in February to a new due date of December 31, 2026, and a second due date extension from February 28, 2027 to December 31, 2027, as recommended by the Finance Committee and recorded in the minutes.
