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The authority unanimously approved investing $250,000 in a 50/50 portfolio, placing $100,000 in a six-month certificate of deposit, and moving approximately $31,000 to the Pearl Street account after fees clear.
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The authority also approved a three-year directors and officers insurance option costing $7,722, a policy amendment requiring board approval for office-supply purchases, and a letter seeking cleanup and improved service at the transfer station on 100 Page Street. Members approved a mission statement by a 3-1 vote and agreed to reorganize the board at the next meeting. A senior housing project involving small homes is expected to be discussed at a Planning Board meeting.
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