New Vineyard residents will be asked for the second year in a row Saturday at Town Meeting to appropriate funding for tearing down a dilapidated building on Lake Street.

The town-owned property at 24 Lake St. is next to the Town Office and was the subject of a town warrant article last year. However, the $10,000 residents appropriated last year was not enough to cover the full demolition of the building, according to Selectwoman Fay Adams.

After receiving quotes on the demolition of the building, Adams said the cost will be in the range of $12,000 to $15,000. Selectmen are asking voters to appropriate $15,000 for the demolition.

“It’s an eyesore and a hazard,” Adams said.

Residents will be presented a 44-article warrant when they meet at 9:30 a.m. Saturday at Smith Hall.

An election for the selectman’s seat being vacated by Frank Forester, who is not seeking re-election, will be held at the meeting. Nominations for the position will be made from the floor.

As of Thursday afternoon, a total proposed budget figure was unavailable.

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