Annual Town Meeting Article 14 proposes a $500,000 transfer to the Nuclear Mitigation Stabilization Fund, a move intended to prepare the town for the eventual sale of the Holtec (Pilgrim Station) property. Select Board member Kevin Canty argued that the town should have funds ready for when the 1,530-acre parcel becomes available on the open market.

The select board believes that it would be in the benefit of this community to have money on hand for when some or all of the 1,530 acres currently owned by Holtec... comes on the open market, Canty explained. He noted that the fund currently holds $11 million and earns higher interest than the town's free cash account, adding that the money can be repurposed for any lawful use if the land purchase does not occur.

The Advisory and Finance Committee was split on the measure. Chair Joseph Lai reported a recommendation for approval by a narrow margin. The advisory and finance committee by a vote of eight yes, six no, and zero abstensions recommends town meeting approve article 14, Lai said.

Motion: J. Lai moved that the advisory and finance committee by a vote of eight yes, six no, and zero abstensions recommends town meeting approve article 14.

Vote: 8-6-0