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Londonderry approves $1.3 million bond paperwork and authorizes final renovation change orders
Summary
The Selectboard authorized bond documents tied to a $1.3 million general obligation bond approved by voters in March 2023 and approved two change orders for the Town Office renovation totaling $32,738 in new costs offset by a $4,294 credit.
The Londonderry Selectboard on Feb. 17 authorized the documents necessary to access a $1.3 million general obligation bond voters approved on March 7, 2023, and approved final change orders for the Town Office renovation.
James Ameden moved to adopt and execute the bond resolution and loan agreement with the Vermont Bond Bank and to authorize town officials to attest; the motion passed unanimously. The board then approved two change orders: pouring a new foundation under the east door at a cost of $8,285 and installing underground power from the utility pole to the building at a cost of $24,453, with an acknowledged credit of $4,294 for IT wiring work done by others.
The board authorized the Town Administrator to execute documents necessary to implement the changes. Town Administrator Shane O’Keefe reviewed the materials provided by the town’s bond counsel and characterized the packet as standard bond resolution language required for borrowing.
The renovations will proceed with the approved structural and electrical work; the change orders and credit were presented as final items needed before paving and related site work. The board’s approvals were unanimous.
