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Select Board signs $1.3 million bond documents for Londonderry town office improvements
Summary
The board adopted and certified documents for a $1,300,000 general obligation bond to fund improvements to the Londonderry Town Office, authorizing signatures and certification by the town clerk and treasurer.
The Select Board moved to adopt and execute the resolution and loan agreement for a $1,300,000 general obligation bond to fund improvements to the Londonderry Town Office.
Chair (S3) said the bond had been approved by voters on 03/07/2023 (a discrepancy over the year was noted and staff will double-check the records) and that bond counsel supplied the documents that must be signed and forwarded to the bond bank in Montpelier. Committee member (S3) moved to adopt and execute the resolution and loan agreement and to authorize the town clerk and treasurer to attest and certify the necessary documents; the motion was seconded and carried by voice vote.
Board members asked staff to verify the special town-meeting minutes cited in the documentation and to ensure all signatures and certificates are in order before documents are sent to the bond bank.
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