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Selectmen accept recommendation for new short-term loan

By K.B. Sherman, Community Reporter

Shrewsbury large web iconShrewsbury – The Board of Selectmen approved a short-term bond loan during its July 9 meeting for the Sherwood Middle School/Spring Street Elementary School construction projects. According to Town Treasuer Carolyn Marcotte, who presented the proposal, the town has received a very favorable loan from Jefferies and Company of Boston for $2.22 million for the period July 2013 to January 2014. At just 1 percent, this loan will cost Shrewsbury only $12,400 in interest while a long-term loan is acquired.

The bond will cover costs for the last portion of the construction for the new Sherwood School, which opened in January and for expenses related to renovations at the Spring Street School.

In other business, the board also appointed Martha Gach to a three-year term on the Conservation Commission. It tabled a request for a music entertainment license for Pepper Dining, Inc., 291 Boston Turnpike, when representatives of the business failed to appear.

Selectman John Lebeaux initiated a discussion regarding establishing a town farmers” market. He noted that these types of markets have been very successful in neighboring towns and questioned if there were any zoning issues that might prohibit one in ?Shrewsbury. He stated that several non-profit groups have expressed an interest in organizing and running such a market in the town. The board agreed to have Town Manager Daniel Morgado look the matter further.

The selectmen also noted the passing of Michael M. “Mike” Kleminich, a long-time Shrewsbury resident, who died recently at age 86. Lebeaux said Kleminich would be missed by friends and associates for his 36 years of participation as a town teacher, coach and athletic director.

The board also entered into executive session to discuss collective bargaining matters regarding town unions.

 

 

 

 

Short URL: http://www.communityadvocate.com/?p=37818

Posted by on Jul 11 2013. Filed under Byline Stories, Shrewsbury, This Just In. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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