New boat owner. 2004 Monterey 248 passed down from father in law. It has the 350 mag MPI bravo 1 engine. He always had the yearly service done and it was just completed in February and I believe the belts were put on (they look new too), no cracks or wear. We’ve taken in out a dozen times in the last 3 months with zero issues...until today. Fired it up and had a bad squeal and then smoke and burning rubber. The belt had melted in half. All the pulleys seem to freely turn except the seawater pulley. I’m not sure if it should spin or not. Could the belt have bound up or got stuck on something??? I don’t think a pulley is bad. Any ideas and/or help is welcomed.