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Select Board authorizes $2.411 million sewer note for Crowley Road sewer project
Summary
The board ratified the sale of a $2,411,000 4% general obligation bond anticipation note dated Feb. 19, 2026 (payable Feb. 19, 2027) to Fidelity Capital Markets, including related disclosure and post-issuance compliance procedures.
The Select Board voted to approve the town’s municipal financing action for the Crowley Road sewer project. The clerk read a resolution authorizing the sale of a $2,411,000 4% general obligation bond anticipation note dated Feb. 19, 2026, payable Feb. 19, 2027, to Fidelity Capital Markets, with a premium of $37,635.71.
The resolution ratified a notice of sale and official statements and authorized the town treasurer and select board to execute any required continuing-disclosure or compliance procedures. The read document included standard authorizations for electronic signatures and execution in counterparts and directed the treasurer to establish post-issuance federal tax compliance procedures.
The board took the motion and approved it by roll-call vote; the clerk certified the vote and noted the meeting was open to the public and properly posted.
