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Hi, If an annual cost of a lease/service contract is in the budget and is well below the cost threshold that would require Selectboard authorization, is there any reason why a multi-year lease on a piece of office equipment would require Selectboard approval? In this case it is a three-year lease for a postage meter and the cost of all three years combined is still below the cost threshold that would require Selectboard approval. --Valerie Valerie Capels, Town Administrator Town of Waitsfield 9 Bridge Street Waitsfield, VT 05673 p: (802) 496-2218 f: (802) 496-9284 e: [log in to unmask] w: www.waitsfieldvt.us