The most development from the meeting was the board’s decision to approve the sale of $5.95 million in general obligation wastewater bonds to StoneX Financial Inc. The bonds are dated November 6, 2024, and will be paid off by December 15, with interest rates adjusted over the years. The sale price was confirmed at $6,487,641. The board members unanimously voted in favor of this financial agreement.

In addition to the wastewater bonds, the board approved the sale of bond anticipation notes for the library project, amounting to $946,000 at 4% interest. Trust Securities Inc. was designated as the purchaser, and the notes are set to mature on November 6, 2025.

The meeting also involved the ratification and approval of various documents associated with the marketing and sale of these bonds and notes. These included the preparation and distribution of notices of sale and official statements, all of which were ratified to ensure compliance with financial regulations and transparency to the public.

Furthermore, the board authorized the town treasurer and select board members to execute necessary certifications and documents, supporting the legal and administrative processes related to these financial transactions. These actions are vital for maintaining the tax-exempt status of the bonds and ensuring compliance with securities laws.