The Bond Committee, which consists of the Board of Selectmen, Town Treasurer Helen D'Avanzo and Fiscal Officer Robert Mayer, unanimously approved the note sale to JP Morgan, the winning firm that bid 0.117 percent interest, according to Tetreau. The Bond Committee also unanimously approved the bond sale to UBS Financial, the winning firm that bid 2.856 percent interest.
"The town is extremely pleased with
the highly successful outcome of today’s bond and note sale," Tetreau said in a statement released Tuesday. "I thank our
fiscal management team for their sound management that has resulted in
the town being able to fund projects with these low rates that will save
Frank Cleary, of Pullman & Comley LLC, the town's bond counsel, and Matthew Spoerndle of Phoenix Advisors, the town's financial advisor, were also present at the auction.
"The town should
be very pleased with the results of today's very successful sale," Spoerndle said in the statement. "Clearly, the town's exceptional bond ratings had a great impact on the