Laconia City Council Finance Subcommittee Agenda January 2026
Laconia Approves $2.3 Million Bond for Ladder Truck, Opechee Loop
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Description
The City of Laconia Finance Subcommittee approved a $2,335,000 bond with the New Hampshire Municipal Bond Bank, financing a $1,725,000 ladder truck for the fire department over 20 years and $610,000 for the Opechee Loop project over 15 years. The bond issue is set for January 2026 with estimated interest rates under 3.4%. Council passed the motion unanimously.
Contract Details
Contract Amount
$2,335,000
Vendor
NEW HAMPSHIRE MUNICIPAL BOND BANK
Agency
City of Laconia, NH
Contract Type
FINANCIAL_SERVICES
Document Date
January 27, 2026
Contract Term
$1,725,000 Ladder Truck (20 years), $610,000 Opechee Loop (15 years)
Renewal Date
2046-01-31
Renewal Info
Bond terms: 20 years for fire ladder truck, 15 years for Opechee Loop; interest rates and amounts finalized at time of bond issue. No auto-renewal, single-issue municipal bonds.
More from NEW HAMPSHIRE MUNICIPAL BOND BANK
Related Contracts
Town of Merrimack Agreement New Hampshire Municipal Bond Bank Loan Agreement 2026-07-15
APPROVEDLittleton Select Board Minutes 2026-05-21
APPROVEDTown of Amherst Board of Selectmen Meeting Minutes April 2026
PENDINGTown of Lancaster Financial Report 2025
ONGOINGlaconia_city_council_finance_committee_minutes_dec.pdf
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