In case you have forgotten;
from Special Town meeting of March 29, 2014.


ARTICLE 5 To see if the Town will vote to approve or disapprove the three million, five hundred thousand dollar ($3,500,000.00) debt authorized by vote of the Narragansett Regional School District on March 5, 2014 to pay costs of (i) replacing the existing oil-fired boilers serving the High and Middle Schools with a wood chip-fired boiler, to be located in the existing boiler room, (ii) construction of a wood chip storage facility to be located adjacent to the boiler room, and (iii) all other costs incidental and related thereto, or to take any other action relative thereto. Submitted by the Select board at the request of the School Committee.  A motion was duly made and seconded to allow a short presentation. A motion was duly made and seconded to move the question.

 Passed/March 29th @ 12:20

A substitute motion was duly made and seconded that the town vote that three million, five hundred thousand dollars ($3,500,000.00) debt authorized by vote of the Narragansett Regional School District on March 5, 2014 to pay costs of (i) replacing the 3 existing oil-fired boilers serving the High and Middle Schools with a wood chip-fired boiler, to be located in the existing boiler room, (ii) construction of a wood chip storage facility to be located adjacent to the boiler room, and (iii) all other costs incidental and related thereto, be hereby approved.

Passed/March 29th @ 12:21

The debt for the high school addition may be coming off in 2019 but this amount will still be coming out of the towns budget which equals that much less available for the Town to have for services and departments. I believe the pitch was money saved on fuel would pay the costs but the bond offering seems to indicate otherwise.  

Municipal Bond Offerings | Edward Jones

click on the link and look for offering for Narragansett regional school district.

Jeff Bennett