Littleton Select Board Minutes 2026-05-21
Town refinances Bank of New Hampshire bonds
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Description
The Littleton Select Board approved issuing refunding bonds to refinance two General Obligation Notes currently with Bank of New Hampshire, totaling $430,142.86 and $435,714.30. The action aims to reduce interest costs from 5.5% and generate over $32,000 in savings while maintaining the existing maturity of January 25, 2031.
Contract Details
Contract Amount
$430,142.86 and $435,714.30 (aggregate principal amounts of existing bonds)
Vendor
BANK OF NEW HAMPSHIRE
Agency
Town of Littleton, ME
Contract Type
FINANCIAL_SERVICES
Document Date
May 21, 2026
Contract Term
Bonds dated July 25, 2024 maturing January 25, 2031
Renewal Date
2031-01-25
Renewal Info
Existing bonds dated July 25, 2024 and maturing January 25, 2031 will be refunded at par without premium through new refunding bonds, effectively amending prior debt terms.
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