June 25, 2020 @ 5:00 p.m.
Town Clerks office
Call to order
At 5:00 p.m. Peter Magnant called
the meeting to order.
Present: Peter Magnant, Dave Bennion,
Brooks Sturtevant, Yvon Dandurand, Lisa Larivee, Town Clerk.
amendments: Add-discussion of job
posting for weed harvester operator.
Tax anticipation note (TAN) -line
of credit approval: Lisa reviewed the need to borrow
funds in anticipation of taxes and revenue for a short term of one-two months
to pay current expenses. Anticipate a
VTrans grant reimbursement for paving in July.
The Note, Non-Arbitrage certificate and Resolution with Community
National Bank in the amount of $80,000 at 1.54% annum is as a line of
credit. Brooks S/Yvon D made a motion to
approve the Note for a line of credit with Community National Bank in the
amount of $80,000 at 1.54% interest. All
members voted in favor; motion passed.
Brooks S/Dave B made a motion to accept the Non-Arbitrage certificate
and Resolution for the TAN with Community National Bank. Lisa reviewed the agreement and
resolution. All members voted in favor;
motion passed. All members present
signed the Note, Non-Arbitrage certificate and Resolution.
Weed Harvester operator: Pete advised that Joe Craig is no longer
interested in operating the harvester.
Yvon spoke with Andy about the machine and how it is operating; Andy has
not been on the Lake this year. Spoke
with Rob Evans with LCCA and they would like to participate in the posting of
the job and hiring process. Discussed
the requirements needed. Lisa will post
in St. Albans Messanger, Facebook and newsletter list. Rob will post to LCCA newsletter. Applications back by July 6th for
Brooks S/Dave B made a motion to
adjourn the meeting. All members voted in
favor; motion passed. Meeting adjourned at 5:22 p.m.
Next meeting will be July 15th at
Larivee, Town Clerk
These minutes are not official until
approved at the next regular Selectboard meeting.