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Select Board approves sale of $2.43 million sewer notes for pump station and wastewater roof work
Summary
On Feb. 12 the Select Board voted to approve the sale of $2,430,000 in general obligation bond anticipation notes to fund sewer projects including the Kradia (Kradia/Crodyab) pump station and a roof at the wastewater treatment plant; town treasurer and officials authorized to execute closing documents.
The Town of Templeton Select Board unanimously approved a motion on Feb. 12 authorizing the sale of $2,430,000 in 4% General Obligation Bond Anticipation Notes dated Feb. 20, 2025 and payable Feb. 19, 2026, to Piper Sandler & Co., with a premium of $17,860.50. The notes will fund previously authorized sewer projects, including work at the pump station and roof work at the wastewater treatment plant; the projects had been authorized at prior town meetings.
The motion—read into the record by a Select Board member—ratified the notice and sale, preliminary and final official statements, and authorized the Town Treasurer and Select Board to execute required continuing disclosure and tax‑compliance procedures, including an SEC Rule 15c2‑12 undertaking. The votes also authorized officials to take any actions necessary to carry out the sale and to allow the documents to be executed electronically where permitted.
A roll‑call style vote was recorded in the meeting: Tim — Yes; Jeff — Yes; Matt — Yes; Terry — Yes; Mike Curry (Chair) — Yes. The motion approved multiple ministerial and compliance steps needed to close the financing.
Town staff said bids for the projects came in under authorization amounts and a subsequent debt rescission may be possible when projects are finally closed out. The board did not change project scope at the Feb. 12 meeting; the action was limited to approving the note sale and related authorizations.
