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Selectboard outlines next steps after special town meeting, weighs $670,000 local match and bond options
Summary
Following a Feb. 14 special town meeting, the Selectboard discussed required environmental, archaeological and historical reviews before construction, engineering procurement guidance pending from VLCT and counsel, and financing the $670,000 local match via Vermont Bond Bank tax-exempt bonds (~3%) or reserves.
After accepting a grant at the Feb. 14 special town meeting, the Selectboard reviewed the steps needed before construction can begin, including required environmental, archaeological, and historical reviews; coordination on the environmental review process is underway. The board noted engineering procurement requirements remain under review pending final guidance from the Vermont League of Cities and Towns (VLCT) and the town attorney.
On financing, the Selectboard discussed the $670,000 local match and options including Vermont Bond Bank tax‑exempt bonds (approximately 3% interest) or the use of existing reserves. The board said it will confirm accounting system compatibility for bond eligibility and discussed creating a Design/Build Committee with representation from village stakeholders and town‑wide taxpayers; members will develop a list of potential participants and improve public communication on project timeline and milestones.
