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Select Board hears bond-status briefing; $500,000 conservation bond recently retired

2348855 · February 20, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Town finance staff and a bond presenter reviewed the status of municipal bonds, noting retirement of a $500,000 conservation bond, roughly $1.1 million principal outstanding and an approximately $9,000 surplus from a refunded bond.

Brentwood Select Board members received a detailed update on the town’s outstanding bonds from finance staff and a bond schedule from the New Hampshire Municipal Bond Bank.

Ambrose, the finance presenter at the meeting, explained that one older conservation bond (a $500,000 principal amount issued in 2004) was paid off on Jan. 15, 2025. He said the town now has six active bonds and possibly a seventh this year, with roughly $1.1 million in principal outstanding and about $154,000 outstanding…

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