Stow Select Board Minutes 2026-05-12
Select Board Approves BAN for New DPW Truck
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Description
Stow’s Select Board approved a $701,800 Bond Anticipation Note to fund the acquisition of a new DPW truck and Fire Department ambulance previously authorized by Town Meeting. The BAN offers flexible short-term financing before potential conversion to long-term debt.
Contract Details
Contract Amount
Included within $701,800 BAN
Vendor
DPW TRUCK
Agency
Stow Public Schools MA, MA
Contract Type
EQUIPMENT
Document Date
May 12, 2026
Contract Term
One-year Bond Anticipation Note, with option to roll into five-year borrowing or renew annually
Renewal Info
BAN is typically issued for one year with the ability to roll into a five-year borrowing or renew annually depending on interest rates.
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