Baileyville Council Discusses Banking Future

By Kaileigh Deacon

 

During their meeting on Monday the Baileyville Town Council discussed the results of a meeting between Town Manager Christopher Loughlin and Machias Savings Bank. At the meeting they discussed what would happen when Machias Savings Bank close their Baileyville Branch at the end of March. 

Loughlin told the Council that Machias Savings Bank has as much interest as the Town on filling the building they will be vacating and will work with the town and a new tenant to fill the space. The bank will has said they will pay for the first year’s rent for whomever takes over the space. Rent is roughly $1,250 per month. They have also said, depending on the tenant, they would consider working with them on a $10,000 start up. 

The Town has been considering what to do with their banking since this branch will be closed soon. Currently the Town uses Machias Savings Bank for all their accounts with the closure the Town  was unsure what they should do. The bank has said if the town kept their accounts at Machias they would have someone pick up deposits from the office and take them to the Calais or Princeton branch. 

The Town Council with the Town Manager are also looking into the possibility of gaining access to the Baileyville Industrial Park from Route 9. The access would be through the former Duty Free parking lot at the end of Route 9. 

There is a vacancy on the Baileyville Utilities District Board that the town is hoping to fill. So far they have had one person interested and will put forward the interested party after they receive a letter of interest unless other names are put forward. 

Like most municipalities across the state, Baileyville uses the TRIO program and will require a two-phase update over the next two fiscal years. The updates will require $2,650 from the next two fiscal budgets. After the updates take place the town will see an increase in the cost of the program by 20%. Currently the program costs the town $1,100 annually. The town has expressed interest in seeing if there is another program out there that can do what they need. There was also concern about whether the current computers would be able to handle the updates to the program. Town Manager Loughlin mentioned that his upcoming proposal, which he will present with the budget, will include upgrading 25% of the computers every year so they would stay up-to-date on the technology.

During closing comments both Carl Ripley and Steve Knowles both asked about the two buildings the town had been pursing for potential city use. The buildings were being considered as a potential recreation center and other uses. One building was the Worcester Wreath Factory and the Goading property. Town Manger Loughlin said he would look into the two buildings and get back to the council with more information. 

The town has two upcoming meetings this week. The Downeast Economic Development will hold their annual meeting at the Baileyville Town Office on Wednesday, January 24 at 5:30 p.m. The Downeast Broadband Utility will hold a meeting on January 25 at noon at the Calais City Building. The Baileyville Town Council will meet again on February 13 at 5:30 p.m. at the Town Office.