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Town awards $32.9M permanent debt and $5.79M BANs; Select Board approves finance manager recommendations
Summary
Select Board approved award recommendations for a recent municipal bond sale and bond anticipation notes; finance staff reported competitive bidding and recommended KeyBank Capital Markets for permanent financing and Fidelity Capital Markets for BANs.
Finance staff told the Select Board on March 12 that the town completed a sale of permanent debt and bond anticipation notes and recommended awarding the financings to the lowest‑cost bidders.
Finance Director Bridal (Finance Director) reported the town conducted a sale that included roughly $32.9 million in permanent debt financing (numbers presented in the meeting packet) and $5.79 million in bond anticipation…
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