Sale of Bonds

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.