Town of Kingston Agenda Packet 2026-06-23
Town Sells $1.9M BANs To Piper Sandler
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Description
Kingston approved the sale of $1.9 million in 3.75% General Obligation Bond Anticipation Notes to Piper Sandler & Co. to finance the elementary school roof project and related work, with the notes dated May 29, 2026 and maturing May 28, 2027. The transaction includes a $13,623 premium and complies with state school facilities financing requirements.
Contract Details
Contract Amount
$1,900,000 3.75 percent General Obligation Bond Anticipation Notes (premium $13,623)
Vendor
PIPER SANDLER & CO
Agency
Town of Kingston, MA
Contract Type
FINANCIAL_SERVICES
Document Date
June 23, 2026
Contract Term
Notes dated May 29, 2026 and payable May 28, 2027
Renewal Date
2027-05-28
Renewal Info
Short-term bond anticipation notes maturing May 28, 2027; the Town may later issue long-term bonds or roll over notes subject to future Board approval.
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