CarriageTowneNews.com, Kingston, NH

Elections

March 14, 2012

Plaistow Town Results

(Continued)

Balance of this Capital Reserve Fund is $11,082.36 as of December 31, 2011.

Yes: 711

No: 435

CELL TOWER MAINTENANCE CAPITAL RESERVE FUND DEPOSIT

Article P-12-10: Shall the Town vote to raise and appropriate the sum of $20,000 to be added to the existing Cell Tower Maintenance Capital Reserve Fund?

(Recommended by the Board of Selectmen (5-0-0) and Budget Committee (10-0-0); and this funding is in the Capital Improvement Program as approved by the Planning Board.)

[Intent: The 2008 SFC Engineering Partnership, Inc. Water Tower Assessment Study indicated that the structure is beginning to rust. With moderate maintenance, it is estimated the structure will remain useful for approximately 30 years and will generate over $3,750,000 in revenue for the Town. Annual revenue from the Cell Tower is over $125,000, which goes into the General Fund to offset taxes. The multi-year maintenance plan is estimated to cost between $200,000 and $300,000 over the next 30 years as outlined in the 2008 SFC Engineering Report. The money in this Capital Reserve Fund is invested in an interest bearing account.]

Balance of this Capital Reserve Fund is $18,206.72 as of December 31, 2011.

Yes: 787

No: 336

WATER DEPARTMENT - FIRE SUPPRESSION PUMP AND PUMP HOUSE CAPITAL RESERVE FUND

Article P-12-11: Shall the Town vote to raise and appropriate the sum of $70,000 to be added to the existing Fire Suppression Pump and Pump House Capital Reserve Fund for the purpose of replacing the Fire Protection System Pumps and the Pump House they are contained in?

(Recommended by the Board of Selectmen (5-0-0) and Budget Committee (10-0-0); and this funding is in the Capital Improvement Program as approved by the Planning Board.)

[Intent: To replace the Pumps for the Fire Protection System and the Pump House they are located in. The building that houses the pump that distributes the water for the Fire Suppression/Protection System must be replaced at the same time that the pumps are replaced. The replacement is scheduled for 2015 at an estimated cost of $200,000 for the pumps and $150,000 for the Pump House, totaling $350,000. The money in this Capital Reserve Fund will be invested in an interest bearing account.]

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