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Selectboard formalizes $1.3 million bond for town office improvements
Summary
The board adopted resolutions and authorized loan documents to implement a $1,300,000 general obligation bond previously approved by voters to fund improvements to the Londonderry Town Office; bond counsel's documents were reviewed and staff will transmit signed materials to the bond bank in Montpelier.
The selectboard moved to adopt and execute documents necessary to implement a $1.3 million general obligation bond for improvements to the Londonderry Town Office. Chair (S3) said bond counsel provided a packet of documents that must be signed and submitted to the bond bank in Montpelier. "I move relative to the 1,300,000 general obligation bond necessary to fund improvements to the Lenderia Town Office Building," Chair (S3) said, noting the bond had been approved by voters on 03/07/2023.
Board members seconded the motion and approved it by voice vote. The town clerk and treasurer were authorized to attest and certify required documents. Town administrator (S4) noted several documents reflect different sign dates per bond-bank procedure and staff will check the records before transmitting the paperwork. Signed materials will be forwarded to the bond bank and then to state officials as required.
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