Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
Fayston Selectboard approves resolution tied to $600,000 Vermont Bond Bank loan
Summary
The Selectboard voted unanimously to adopt and sign a resolution and certificate related to a $600,000 general obligation bond and loan agreement with the Vermont Bond Bank; two members signed immediately and the third member will sign upon return to town.
Selectboard member Chuck Martel moved the adoption and approval of a resolution and certificate related to the issuance of the Town's $600,000 general obligation bond in connection with a loan agreement with the Vermont Bond Bank. The motion passed unanimously. Chuck Martel and Ron Graves signed the documents at the meeting; Michael Jordan will sign in person when he returns to town.
The board recorded the motion in full during the meeting: "Having seen and reviewed the resolution and certificate related to the issuance of the Town's $600,000 general obligation bond, in connection with a loan agreement between the Town and the Vermont Bond Bank, I hereby move the adoption and approval of the resolution and certificate as presented at this meeting." The action indicates the Selectboard's formal authorization to proceed with the bond paperwork; any loan closing or effective dates were not specified in the minutes.
