BUCKFIELD – Buckfield Village Corporation customers voted 7-1 Thursday night to refinance a $113,250 loan to save approximately $7,000 in interest charges. The money is for a variety of needs, including operating expenses, corporation Chairwoman Rosita Gagne-Friel said.
The original loan of $115,600 last April had an interest rate of 8 percent. The remainder of it will be financed at either 4 or 6 percent, depending on whether it will be tax exempt.
Ed Hammond, who owns the Back Forty apartments, was upset that he did not know about the meeting sooner though it had been posted around town.
Town Clerk Cindy Dunn said she would e-mail notices if she had addresses. Hammond said he would provide them.
Corporation Superintendent Lew Williams gave a complete report of his activities since the last meeting and said the state reported that his water quality tests were satisfactory. Gagne had requested the information from Williams.
The corporation board voted to form a committee of three to revise the charter.
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