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` <br /> Memo <br /> To: Rodney Collins—Town Manager <br /> ~~ <br /> From: Craig Mayen TaxCo||euton7reaaurer <br /> CC: Assistant Town Manager—Wayne Taylor <br /> FinanoeOimdor—DewnTheyer <br /> Date: 3/19/2010 <br /> Re: Bond issue for April 1 2010 <br /> Be|uvv are some of the highlights of the Bond issue on April i. 2010 that | will be speaking to the <br /> Selectmen nnMarch 25. 2O1Q. <br /> The Town of Mashpee went out to bid for a General Obligation Bond of$8,045,000 on March 18th. We <br /> received 8 bids ranging hnm a true interest cost of2.5196 toe true interest cost of2,66%. The winning <br /> bid was from Robert W. Baird &Co. Inc a(2.51W <br /> The bonds will be maized to use the premium |eaa issuance onste, that was given to decrease the <br /> principal amounts. The premium was $G75.O00, VVeare very pleased with responses and the interest <br /> rate onthe bonds. <br /> The selectmen will need hzvote on the bonds and when | receive the wording from Bond Council | will <br /> forward it on to you. The Selectmen will also need to sign paperwork which Lynne FnsbapVVe|sh. our <br /> Financial Advisor, and | will have atthe meeting. <br /> Attached aewell iethe Standards& PoomReport, <br /> I will speak further about the Standards & Poor's Rating and a little more about the bonding on Monday <br /> night. <br /> 1 <br />