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The Select Board unanimously approved the sale of $8,315,833 in bond anticipation notes at 4% interest, with a $123,989.07 premium. The notes will finance projects involving the Department of Public Works facility and South End Fire Station and are due April 15, 2027.
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The borrowing provides short-term financing for major municipal facilities while the Town continues its longer-term repayment plan. The Board also authorized submitting a Statement of Interest for Seekonk High School to explore future school facility improvements, including addressing anticipated overcrowding and aging systems. Capital recommendations totaling $901,907 were reviewed against a proposed $1 million appropriation from the Municipal Capital Improvement Stabilization Account.
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