Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Finance topic
No spam. Unsubscribe anytime.
Select Board accepts $3.227M bond sale at 3.5% to fund town projects
Summary
The Select Board voted to accept results of a $3.227 million general obligation bond sale to Brownstone Investment Group at a 3.5% interest rate and authorized signing required documents so bond counsel can deliver funds.
The Groveland Select Board reviewed and accepted the results of a general obligation bond and bond anticipation note sale during its May 26 meeting. Staff told the board the sale raised approximately $3.227 million and the winning bidder was Brownstone Investment Group at an interest rate of 3.5 percent.
As required by law, the board voted to review, accept and sign the documents necessary to finalize the sale and allow bond counsel to issue the funds. The motion passed unanimously on a roll‑call vote (Steve yes; Kathy yes; Jason yes; Ed yes; Becky yes).
Staff said bond counsel will complete closing documentation and arrange delivery of funds to the town so approved capital projects can proceed.
