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