Stow Select Board Minutes 2026-05-12
BAN Finances New Ambulance and DPW Truck
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Description
The Select Board authorized a $701,800 Bond Anticipation Note to finance the recently delivered Fire Department ambulance and DPW truck approved at the 2023 Town Meeting. The short-term note provides interim financing prior to potential conversion to long-term borrowing.
Contract Details
Contract Amount
Included within $701,800 BAN
Vendor
FIRE DEPARTMENT AMBULANCE
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 options to roll into a five-year borrowing or renew annually based on prevailing rates.
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