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Select Board authorizes $2.5 million bond application and hears fire station construction update
Summary
The West Swanzey Select Board authorized the chair to sign a New Hampshire Municipal Bond Bank application for $2.5 million to help fund a new fire station at 321 Homestead Highway and received a construction progress update and timeline from staff.
The West Swanzey Select Board on a voice vote authorized the board chair to sign a New Hampshire Municipal Bond Bank application for a $2,500,000 bond to partially fund construction of a new fire station at 321 Homestead Highway. The motion drew a voice vote of “Aye.”
The board heard a detailed financial briefing on bond-term options and debt-service impacts and a separate construction update covering site work, permitting and schedule. A staff presenter told the board the application had been prepared with a 30-year term but that the town could change the term before the application’s final change date if market conditions moved: “For the purpose of the application…I filled it out with 30 years,” the presenter said, explaining bond-bank timing and deadlines. The presenter said the bond bank holds sales…
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