Town of Wellesley Select Board Meeting Agenda March 24 2026
Wellesley Sells $12.57M Bond to Brownstone Investment Group LLC
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Description
Wellesley Select Board awarded a $12,570,000 General Obligation Bond sale to Brownstone Investment Group LLC at a premium. The funds will finance Warren Building HVAC, Weston Road Improvements, and the Recycling & Disposal Facility Administration Building, with payments scheduled through December 2045.
Contract Details
Contract Amount
$12,570,000 (par); Sold at $13,980,327.90 (includes premium); 20-year obligation
Vendor
BROWNSTONE INVESTMENT GROUP LLC
Agency
Wellesley School District, MA
Contract Type
FINANCIAL_SERVICES
Document Date
March 24, 2026
Contract Term
20 years (April 2, 2026 – December 15, 2045)
Renewal Date
2045-12-15
Renewal Info
Standard fixed 20-year municipal bond; no renewal. No amendments noted.
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