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Board closes bond contest period and notes underwriter proposals for $45 million bond
Summary
Board voted to close the contest period and approved moving forward on a resolution indicating intent to issue about $45 million in bonds; two underwriting firms submitted informal proposals for review by the attorney.
A board member outlined the need to close the bond contest period for a roughly $45,000,000 bond issuance and presented a resolution indicating the town's intent to move forward. The board voted to close the contest period and to proceed with the resolution; the motion carried with no recorded opposition.
The transcript references two underwriting proposals submitted informally: one from a firm named "Frank and James" and another from a firm identified as "Carty and Hartman" (described as a new working name for a previously known company). The board did not select an underwriter at the meeting; the attorney will review the proposals and advise the board.
No vote tallies by named board members are reported in the transcript; the record shows motions and the chair announcing "motion carries" on the items covered.
