Wellesley Select Board Meeting Minutes March 24, 2026
Town Awards $12.57M Bond Sale to Brownstone
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Description
The Wellesley Select Board awarded the sale of $12.57 million in 20-year general obligation bonds to Brownstone Investment Group, LLC at a sale price of $13.98 million, following a competitive bidding process. The bonds will finance the Warren Building HVAC project, Western Road improvements, and the RDF Administration Building.
Contract Details
Contract Amount
$12,570,000 (bond principal); sale price $13,980,327.90 including premium
Vendor
BROWNSTONE INVESTMENT GROUP LLC
Agency
Town of Wellesley, MA
Contract Type
FINANCIAL_SERVICES
Document Date
March 24, 2026
Contract Term
April 2, 2026 – December 15, 2045 (20-year general obligation bonds)
Renewal Date
2045-12-15
Renewal Info
Single 20-year bond issuance with scheduled maturities through December 15, 2045; no renewal provisions noted.
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