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2 <br />Mashpee Select Board <br />Minutes <br />April 24, 2023 <br />Present: Selectman David W. Weeden, Selectman John J. Cotton, Selectman Thomas F. O'Hara, <br />Selectman Carol A. Sherman, Selectman Michael A. Wyman -Colombo <br />Town Manager Rodney C. Collins <br />Assistant Town Manager Wayne E. Taylor <br />Meeting Called to O_111rder by Chairman Weeden at 6:30 p.m. <br />Mashpee Town Hall, Waquoit Meeting Room <br />MINUTES: <br />MondayA1gi13� ,3, Re balar Ses,s on:. <br />Motion made by Selectman Cotton to approve the Regular Session minutes of Monday, <br />April 3, 2023 as presented. <br />Motion seconded by Selectman O'Hara. <br />VOTE: Unanimous. 5-0. <br />Roll Call Vote: <br />Selectman Weeden, yes <br />Selectman Sherman, yes <br />APPOINTMENTS & HEARINGS <br />Public Comment: <br />Selectman Cotton, yes Selectman O'Hara, yes <br />Selectman Wyman -Colombo, yes Opposed, none <br />Ken Dembrowski indicated he recently submitted a letter to the Editor of the Mashpee Enterprise regarding <br />the Select Board's decision to debt finance. Mr. Dembrowski indicated that leasing vehicles adds an <br />estimated 60% to the cost of assets. Mr. Dembrowski compared the lease of four vehicles in a year -three lease <br />(initial year 2021) and the lease often vehicles in year one of a three-year lease (initial year 2023). This <br />represents an increase of 42%, and a monthly increase of 19% when amortizing 2021 to 2023. <br />As a result of the doubling of lease costs, Mr. Dembrowski recommended the Board avoid debt financing. <br />In response it was stated the Town has completed extensive studies regarding the lease/purchase option for <br />certain Town vehicles. There are many factors to consider. Mr. Dembrowski was invited to meet with the <br />Town Manager to further clarify the decision -making process associated to the Vehicle Replacement <br />Program. <br />