Wellesley Select Board Minutes 2026-05-19
$7.5M BAN Awarded to Fidelity Capital Markets
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Description
The Wellesley Select Board awarded a $7,500,000 General Obligation Bond Anticipation Note (BAN) to Fidelity Capital Markets, with a term from May 28, 2026, to May 27, 2027. The award was made after a competitive bid process to finance the Hardy Elementary School project.
Contract Details
Contract Amount
$7,500,000 (BAN); premium of $67,275
Vendor
FIDELITY CAPITAL MARKETS DBA NATIONAL FINANCIAL SERVICES LLC
Agency
Town of Wellesley, MA
Contract Type
FINANCIAL_SERVICES
Document Date
May 19, 2026
Contract Term
May 28, 2026 – May 27, 2027
Renewal Date
2027-05-27
Renewal Info
This is a renewal of the note originally issued for the same project in the prior year. The BAN is intended to be rolled into a future long-term borrowing.
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