Town of Stonington Selectmen Meeting Minutes February 9 2026
Stonington Water Bond Financing Approved with Bond Bank
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Description
The Stonington Water Company Board of Trustees approved borrowing up to $1,491,950 from the Maine Municipal Bond Bank’s State Revolving Loan Fund to finance Cemetery Road and School Street water main replacement. The action authorizes issuance of a taxable water bond, related revenue notes, and a loan agreement, with debt service guaranteed by the Town of Stonington.
Contract Details
Contract Amount
Up to $1,491,950
Vendor
MAINE MUNICIPAL BOND BANK
Agency
Town of Stonington, ME
Contract Type
FINANCIAL_SERVICES
Document Date
February 9, 2026
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