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Town receives $6 million bond for town‑hall renovation; council schedules credit‑enhancement hearing
3615173 · May 28, 2025
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Summary
South Berwick confirmed receipt of $6,000,000 in bond proceeds to finance the town‑hall renovation and scheduled a public hearing on a credit enhancement agreement for June 24, 2025.
Town staff told the South Berwick Town Council on May 21 that the bond for the town‑hall renovation closed last week and that the town received $6,000,000. Staff said the funds are in a separate account earning an interest rate higher than the town’s operating…
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