WAKEFIELD — Stephen P. Maio will be Wakefield’s Town Administrator for at least three more years, as Maio and the Board of Selectmen inked a new contract this week after the board voted unanimously in favor of the agreement at their meeting on Wednesday.

Under the terms of the deal, Maio will remain the Town Administrator through June 30, 2018. He will receive a $5,000 raise in each of the next three years, bringing his salary in the final year of the contract to $165,000

Chairman Brian Falvey said that Maio’s new contract was drawn up by Town Counsel Thomas Mullen and has similar terms to Maio’s previous pact. Falvey said that the salary increase amounts to about 3 percent per year, which is similar to what the town’s union employees are receiving.

Selectman Ann Santos noted that the board looked at town administrator salaries in surrounding communities and found that Maio’s current salary was significantly lower. She observed that under Maio’s stewardship the financial stability of Wakefield was unmatched in surrounding towns. She also noted that Maio is the only attorney among nearby town administrators.

In addition, Santos pointed to Maio’s Wakefield roots.

“It’s a plus to be a townie,” she said.

Other members of the board also expressed satisfaction with the contract and happiness that Maio will be leading the town for another three years.

Selectman Paul DiNocco called it “a very good contract.”

“Steve has done a phenomenal job over the past seven years,” he said.

Selectman Phyllis Hull agreed.

“He’s done an exceptional job,” Hull said. “The town is very fortunate to have him.”

Selectman Betsy Sheeran was also pleased to have Maio in the fold for another three years.

“Steve has the same enthusiasm as he had when we first hired him in 2007,” Sheeran said.

Selectman Tiziano Doto cited Maio’s accomplishments on behalf of the town in the financial realm.

“Under his leadership, there’s been so much growth in this town,” Doto said.

Falvey said that he was grateful for Maio’s “dedication and loyalty to the town,” calling him a “great leader” who is worth more than his current compensation.

Falvey also noted the town recently received the highest possible bond rating, a fact for which Maio was credited.

Maio said that he was “absolutely thrilled to be under contract for another three years.” He thanked his town department heads and administrative secretary Sherri Dalton.

Susan Wetmore is new Library Trustee

In a joint meeting with the Board of Library Trustees, Susan Wetmore of 12 Sunset Dr. was chosen to fill the one year remaining on the term of Harold Regan, who recently resigned from the board.

Wetmore has served on the Event Planning Committee, the Saugus River Watershed Council and as a volunteer on the annual “Blossoms at the Beebe” event.

The other candidate for the position was Michael Rosetti of 24 White Ave.

Phyllis Hull placed Rosetti’s name in nomination first, citing his “wonderful resume.” Rosetti has worked for the federal government, primarily at the Department of Transportation, Volpe Center, in Cambridge. He worked in the areas of strategic planning, technology outreach, economics and meteorology. Rosetti’s resume lists skills including program writing and research, presentations, program development, outreach and marketing and computer literacy.

Hull said that she understood that Wetmore was active in the town but insisted that, “We have to give other people an opportunity to serve on these boards.”

Ultimately, only Hull and Sheeran voted for Rosetti. Wetmore’s name was then placed in nomination and she received the unanimous votes of both boards.

In other business this week, the Board of Selectmen:

Approved a Wine and Malt Beverages with Cordials/Liqueurs License for Cibo Café, 1179 Main St.

Appointed Arthur M. Skinner as a vacation replacement for the Inspector of Wires.

Renewed for three years the contract between the town and B&G Outdoors, the company that provides canoes and kayak rentals for use on Lake Quannapowitt from a location on the Lower Common.

Approved requests from Library Director Sharon Gilly for a 90-day liquor license as well as an Entertainment License for Thursdays in June, July and August for “Plaza Jazz.”

Approved several requests from Event Planning Committee Chairman Paul DiNocco in connection to this year’s “Festival Italia” on Aug. 22, including the closing of streets to vehicular traffic in the downtown area and liquor license provisions related to the festival.

Voted to approve the issuance a $127,665 Sewer Bond to the MWRA.

Voted to approve the sale of $5,975,000 General Obligation Bond Anticipation Notes payable May 20, 2016.

Voted to accept a $500 gift from the Star of Bethlehem Lodge of Masons for the World War II Memorial Maintenance Fund.

Approved a request from Parks and Forestry Supervisor Dennis Fazio to accept and expend a gift from Judy Howe Donahue for the Tree Replacement Program.

Agreed to modify a Purchase and Sale Agreement between the town and Symes Development for the sale of a piece of town-owned land on Druid Avenue.