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Board reviews FY27 goals; staff outlines how one‑time proceeds could fund capital projects
Summary
Select Board reviewed a draft FY27 goals list and staff summarized expected one‑time proceeds (about $400,000 from a property sale and roughly $600k from a cell‑tower lease), urging coordination with FinCom and a capital committee to prioritize infrastructure and avoid using one‑time money for operating costs.
Town staff presented a draft FY27 goals spreadsheet that consolidates items from a June 29 workshop and the ensuing minutes. Staff asked board members for feedback on priorities and proposed measures, including tasks and timelines.
At the same time, staff briefed the board on several forthcoming one‑time revenues related to recent and pending property transactions: the expected closing of a Gordon Conwell student‑apartment sale that should generate roughly $400,000 to the town; proceeds expected from an upcoming Patton Homestead RFP; and proceeds earlier identified from a cell‑tower lease sale. Staff emphasized that those funds are one‑time capital receipts and recommended the board work with the Finance Committee and a capital committee to target capital projects rather than recurring operating costs.
Board members suggested community listening sessions and ranked priorities such as Patton Park improvements, downtown revitalization projects, sidewalks, and accessibility upgrades. Staff said it expects engineering cost estimates for the downtown project this month to inform grant applications and capital planning. No formal votes were taken; staff will circulate a revised goals list and coordinate next steps with FinCom.
