The Carlisle Mosquito Online

Friday, June 11, 1999

News

Low bond bid: 4.6 percent

Town treasurer Nancy Koerner attended the selectmen's meeting on June 8 to obtain the board's final approval on the issuance of the bonds dated June 15. The town maintained its Aa2 rating from Moody's Rating Service and received five bids, ranging from a high of 4.9118 to a low of 4.6984 percent. The selectmen agreed to accept the low bid from Prudential Securities.

The bonds, totaling $3,770,000, are for the Carlisle School Grant Building project, the new school roof, the Banta-Davis athletic fields, the ambulance and a small portion of the Town Hall project. The proceeds of the bonds will pay off the outstanding short-term notes. The first payment on the long-term bonds will be due in December 1999 and the final one on June 15, 2019.


1999 The Carlisle Mosquito