This Week @ the SBC: Bond Rate & Design Updates!

In December, the Finance Committee used estimated bond rates of 4% and 5% to model the projected tax impact of the project…

Last week the town’s finance team got an updated bond rating and was ready to put the initial project bond out to bid, locking in our interest rate. The initial bond is for $80M out of the $88.5M residents authorized the town to borrow in order to fund the $93.9M project ($4.4M from the Stabilization Fund and $1.0M from free cash make up the difference between $88.5M and $93.9M). The Finance Committee will give us the bid results and more details at Wednesday’s meeting!

Also on the agenda:

• Review Updated Floor Plan
• Review Updated Exterior Elevations and Materials
• Review Interior Designs of Community Spaces
• Review Updated Monthly Budget

The SBC meeting is on Wednesday, February 27th, 7:00pm, Hartwell multipurpose room.