OTISFIELD – Selectmen awarded a $92,000 contract for a property revaluation to John E. O’Donnell & Associates of New Gloucester during their meeting Wednesday night.

The last full revaluation was done by O’Donnell in 1995. The company has performed annual tax assessing for the town since 1990 and has done mapping since 1969.

The community has more than $60,000 saved for the revaluation, Selectmen Assistant Marianne Izzo-Morin said.

In other business, the board awarded the Tax Anticipation Note to Oxford Bank, a division of Peoples Heritage Bank in Oxford.

The interest rate is 1.45 percent for up to $800,000 borrowed as needed.

A bid from Norway Savings Bank offered a 1.6 percent interest rate.

The board rejected a bid from ABC Rubbish in Norway to transport municipal solid waste to Mid-Maine Waste Action Corp. in Auburn.

The bid came in $65 more than what the town is currently paying.

Pine Tree Waste in Scarborough is hauling solid waste for $160 a load. Selectmen discussed purchasing a third container for solid waste. They noted this would lessen the number of hauls the community pays for.

Selectman Gerry Robinson said the $65 per haul savings could be put toward purchasing the third container.

“I think we should use that $65 per load savings to buy a third container to save money with less hauls,” Robinson said.