Selectboard finalizes $1.3 million bond, approves last change orders for town-office renovation

The Londonderry Selectboard took two final procedural steps on the town-office renovation Tuesday, adopting the loan documents tied to a $1,300,000 general-obligation bond and approving last-round change orders to complete construction.

Chair moved that the board "adopt and execute the resolution and certificate, the loan agreement with the Monbond Bank and the general obligations bond and authorize the town clerk and town treasurer to attest and certify these and other necessary approvals," a motion the board seconded and carried. The chair told the board these formalities were required by bond counsel and by the bond bank process, and that the bond had been approved by voters on 03/07/2023.

Separately, the board reviewed recommended construction change orders. The town administrator explained an east basement entrance needs structural work and that the architect recommended the higher-cost option; the board approved a $3,285 change for structural improvements and a $24,453 change to install underground power from the utility pole to the building. The motion also acknowledged a $4,294 credit for data-wiring terminal work done by others. Committee member moved to authorize the change orders and to authorize the town administrator to execute necessary documents; the motion was seconded and approved.

Board members noted the work aims to get the building properly finished rather than make lower-cost compromises. The meeting record shows the bond documents will be routed to the bond bank in Montpelier after signatures are completed.

What happens next: signatures and transmittal of the signed bond documents to bond counsel and the bond bank, followed by continued construction-completion steps already underway.