Select Board approves one-year renewal of bond anticipation notes

Alex (S8), municipal adviser, explained the town’s maturing bond anticipation notes and said the advisers recommended renewing the short-term note for one year while the town awaits town-meeting decisions on a larger capital project at 48 Gardner Road. Dave Isenthal (S9) said the one-year renewal was chosen to provide flexibility while the town evaluates the larger project.

The board moved to adopt the vote prepared by bond counsel for the September 2026 bond anticipation notes and approved the requested signatures. Alex summarized that the transaction involved modest principal paydowns and a one-year renewal; the board approved the action without a roll-call vote, indicating a majority affirmative.“ We have essentially refunded or renewed that short term note,” Alex said during the briefing.