Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Select Board approves bond sale, several license transfers and proclamations; readouts and next steps
Summary
At its Sept. 23 meeting the Select Board approved the sale of $4.85 million general obligation bonds to finance a substation and water main work and approved a series of license transfers, changes of officers and a proclamation recognizing Public Power Week.
The Town of Danvers Select Board held votes on a package of financing and licensing items on Sept. 23.
Bonds: The board approved the sale of $4,850,000 in general obligation bonds to Janie Montgomery Scott, LLC, at a premium, to fund the Northland substation project and a water main replacement program previously authorized by town meeting. Rodney (town finance staff) said the transaction produced a true interest cost of approximately 3.057% and a variety of coupon rates across maturities; the board voted to accept the sale and execute the bond documents.
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
