Sale of Bonds

2017 Bond Sale


The Town sold $3,070,000 in bonds on October 31, 2017 in a competitive bid sale for three projects; the renovations of its Solid Waste Transfer Station, the balance needed for purchase of a new ladder truck and additional renovation monies needed to fix the floor at the Public Safety building.  The lowest bid came in at a 2.49% TIC (True Interest Cost) over a 20 year life for two of the projects while a 15 year amortization was used for the Fire truck.  Coincidentally, the interest cost mirrors the last bond sold in 2015 with a net interest cost also @ 2.49%.

2015 Bond Sale


The Town sold $2,970,000 in bonds on August 25, 2015 in a competitive bid sale for the renovations of its Public Safety Building, certain Rte #3 Water Main improvements as well as re-financing it's 2005 bonds, with no extensions of final maturity. The lowest bid came in at a 2.49% TIC (True Interest Cost) over a 20 year life for the two respective projects and 10 years for the refinancing.

2014 Bond Sale


The Town sold $2,442,000 in bonds on August 6, 2014 in a competitive bid sale for the renovations of its Municipal Building as well as for its wayfinding signage project for the downtown area. The lowest bid came in at a 2.70% TIC (True Interest Cost) over a 20 year and 14 year life for the two respective projects.

2013 Bond Sale


The Town sold $3,350,000 in bonds for the new Public Works Complex on August 13, 2013 in a competitive bid sale. The lowest bid came in at a 3.38% TIC (True Interest Cost)  over a 20-year life.


2011 Bond Sale



The Town sold $5,055,000 in sewer / water bonds on August 23, 2011 in a competitive bid sale. The lowest bid came in at a 2.43% TIC on the consolidated package ($2,515,000 10 year refinance bond and $2,540,000 20-year bond).

2010 Bond Sale


The Town sold $4.3 million in bonds on May 4, 2010 in a competitive bid sale. The lowest bid came in at a 3.42% TIC over a 20-year life.