Appointed to the panel were Ike Wolgin, son of former Sagamore developer Norman Wolgin; philanthropist, adventurer and entrepreneur J. Buckley Bryan; Bolton Planning Board member Sue Wilson; town resident Ron Conover; and retired businessman Craig Hannon.
Ideas discussed to date for spending the windfall include offsetting the expenses of the town water district, Simmes said.
Ever since the water filtration plant was built in the mid-1990s for about $2 million, the 800 Bolton households in the water district are paying an "exorbitant" amount for water service, she said.
While the Sagamore was gearing up this week, business owners around town were sprucing up, expanding and getting ready for summer, she said.
The owner of the kayak shop on Main St. is expanding his building into three storefronts and developing apartments upstairs, she said. Plus, Cate's Italian Garden restaurant is expanding to accommodate a pizza shop.
"There are signs of life everywhere as people are opening up their businesses and cleaning up their properties," she said. "Also there's now a lot of traffic through town."