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Selectboard renews 26-week CDs at 3.5% and tasks staff with generator quote and plan adoptions
Summary
The board chose to renew two 26-week certificates of deposit at 3.5%, requested a generator radiator quote from Milton Cat, tabled adoption of the updated Local Emergency Management Plan, and continued work on the Hazard Mitigation Plan formatting.
Town Administrator Cathy Ainsworth reported two 26-week certificates of deposit maturing at a rate of 3.5% (down from 3.75%); the Selectboard directed staff to renew at 3.5% for the same terms and noted the next renewal date is November 25. The board also received an equipment rotation schedule and a revenue-over-expenses chart for future budget review.
Brian Dubie reviewed the Town Office generator maintenance report and asked staff to get a quote from Milton Cat for replacing a leaking radiator. Cathy asked that adoption of the updated Local Emergency Management Plan be tabled while Tim Corey completes his review, and she said Section Four of the Hazard Mitigation Plan is nearly formatted and ready for further review at a subsequent meeting. The board accepted warrants and approved earlier minutes before adjourning.
