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The Select Board unanimously approved the sale of $66,257,256 in 4% bond anticipation notes to finance Fales School construction and feasibility projects. The notes carry an effective net interest cost of 2.39% and include a $622,155 premium to offset issuance and interest costs.
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The borrowing provides financing for the Fales School projects authorized at earlier Town Meetings. The Board also approved a single-stream recycling contract change expected to save approximately $20,000 annually, with recyclables charged at $35 per ton instead of up to $120 per ton for certain materials. Residents will use a new recycling setup at 62A Hopkinton Road, with signs, online notices, and extra staff planned to help during the transition.
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