Present: Jack Sapia, Chair, Fred Childs (Selectmen), Sue Killam, (Planning Board Chair), Bill Rollins (Stantec Engineering) and Russell McAllister (Town Administrator). Mr. Sullivan was absent due to previous business commitments.

Meeting called to order.

The Board reviewed information relative to road bonds and the adequacy of the bonded amounts for several projects. The Board discussed the bonding process itself and ways that it may be improved. Of concern were developments that took a decade or more to complete before the Town accepted their roads. Remaining construction in need of completion prior to Town approval often saw related costs increase due to inflation and the number of years the project has taken to reach completion. This situation sometimes led to an insufficient bond amount to cover the remaining costs of road and drainage construction. Several projects in town were now in the position that the developer needed to increase his bond amount. Discussion moved on towards improving the bond agreement language and reviewing the ordinances to better address the issue. The group asked that counsel review the recent engineering reports regarding the sufficiency of the road bonds. The TA agreed to do so.

There being no further business to come before the Board Mr. Childs made the motion to adjourn the meeting. Mr. Sapia seconded the motion. The meeting concluded at approximately 2:25pm.

Respectfully,

Russell McAllister

Town Administrator

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Jack Sapia, Chair

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Paul Sullivan

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Fred Childs