Vesper parties settle fiscal accounts; town to consider infrastructure acceptance Sept. 24

Staff told the commission that fiscal‑year 27 financials for the Vesper project have been reconciled and that private parties paid adjustments to meet caps. Lawyers have prepared two‑page conveyance documents for each private owner that staff expects to receive signed by Sept. 16, ahead of a scheduled acceptance vote at the Sept. 24 meeting.

"...what it came down to at the end was Vesper had surpassed their cap... what they paid us was a little over $6,000," staff said when summarizing the financial reconciliation. Staff said DEP had reached out about closeout documents but indicated there was no immediate rush for the final drawdown; the board agreed staff will circulate the conveyance documents and place infrastructure acceptance on the next agenda.

No formal vote was recorded during this meeting; staff advised commissioners that a short review meeting might be scheduled to examine final invoices and invoices that may trail beyond the projected completion date.