Special town meeting is July 21

SALISBURY — On the agenda for a special town meeting Thursday, July 21, are three items: transferring responsibility for the Dr. William Bissell Fund to the town; approving the Local Capital Improvement Program (LOCIP) for 2011-16; and amending the statute creating the Recreation Commission so the meeting time and place can be changed.The Bissell Fund, in its 93rd year of operation, was established to assist residents of the town with medical expenses. In recent years it has distributed about $50,000 yearly, according to First Selectman Curtis Rand.The committee that oversees the fund and its $1.3 million in assets has decided it would be wise to turn the management and disbursal of the fund over to the town, primarily to save some $10,000 a year in investment expenses, fees, insurance and taxes.The oversight committee’s new role will be to review with the town comptroller and social worker the expenditures from the fund; to recommend to the Board of Finance and the selectmen the maximum amount to be spent annually from the interest and dividends the fund generates; and to recommend the maximum expenditure rate, which is currently 3.5 percent of the annual fund balance.The LOCIP plan has some adjustments, as Rand spelled out at the last selectmen’s meeting, caused by a project coming in under budget.And the ordinance that created the Recreation Commission specified a time and place for meetings, and the members of the commission would like to change that.The town meeting is at Town Hall on Thursday, July 21, at 7:30 p.m.

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