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C:CC::OII <br /> r0emo <br /> To: Rodney Collins—Town Manager <br /> From: Craig Mayen-Tax Collector/Treasurer - <br /> CC: Wayne Taylor/- Assistant Town Manager, errie Cook—Administrative Assistant to the <br /> Town Manager <br /> Date: 3/20/2020 <br /> Re: BAN <br /> The Town went out today for a BAN in the amount of$430,000 to cover the existing BAN coming due <br /> May.12t"and some new issues for road projects and to finish the Quashnet School. <br /> We received 4 bids for the BAN. The 4 Bidders were Century Bank, Unibank, Cape Cod Five, and <br /> Newburyport Bank. Newburyport Bank was the low bid at 1.34% for 1 year. I will present the <br /> information to the Board of Selectmen on the May 4th, 2020 Selectmen meeting. <br /> I will ask them to vote on the issuance of the BAN to Newburyport Bank and there will be paperwork <br /> that I will need a majority to sign. <br /> I will if you have any questions. <br /> Thank you. <br /> 1 <br />