MINUTES FROM THE AUGUST 28, 2002 SELECT BOARD MEETING

Board members present were Pete Siegel, Dave Johnson and John Devin. Also present were Town Clerk Deborah LaRiviére and appraiser Kermit Blaisdell. The meeting was called to order at 5:00.

Kermit addressed the issue of the Green Mountain Club’s proposed purchase of a tract of land from Bolton Valley Holiday Resort. There had been some confusion as to what impact this sale would have on the tax revenue for the town. When the GMC made their presentation, some of the data was unclear. Blaisdell explained how land in the Current Use program already generates tax revenues at a lower rate. The piece of property in question is enrolled in the program and therefore the tax impact should be minimal. Minimal, meaning that yes the town will receive less tax dollars from tax payers, and less dollars from the current use program, but will receive more tax dollars from the state in the form of PILOT payments. (The PILOT program pays taxes on state owned lands, but pays on a tax rate they set and they do not pay any education tax rate).

There was no other business to be brought before this Board at this time.

Pete motioned to end the meeting, seconded by John. This meeting closed at 5:30pm.

Attest:

Deborah LaRiviére

Town Clerk

Minutes are unofficial until approved

These minutes were read and approved by the Bolton Board of Selectmen on ____________________, 2002.__________________________For the Board.