FINANCIAL_SERVICESONGOING

Milton Community Preservation Committee Meeting Minutes Jan 2026

Town Reviews Bonding Through UniBank Fiscal Advisory Services

administrative cost estimated at several thousand dollars; potential $750,000 15-year bond at 4.5% (debt service $72,000–$82,000 per year)Town of MiltonUNIBANK FISCAL ADVISORY SERVICES INC (UFASI)January 12, 2026

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Description

The Milton Community Preservation Committee received a briefing from the Town Treasurer on the town’s ongoing bonding relationship with UniBank Fiscal Advisory Services, Inc. (UFASI), including the potential addition of a $750,000 CPC-related bond to an upcoming issuance. The discussion covered estimated administrative costs of several thousand dollars and projected annual debt service of $72,000–$82,000 on a 15-year bond at 4.5%.

Contract Details

Contract Amount

administrative cost estimated at several thousand dollars; potential $750,000 15-year bond at 4.5% (debt service $72,000–$82,000 per year)

Vendor

UNIBANK FISCAL ADVISORY SERVICES INC (UFASI)

Agency

Town of Milton, MA

Contract Type

FINANCIAL_SERVICES

Document Date

January 12, 2026

Contract Term

Town typically issues bonds every two years; example discussed was a 15-year bond

Renewal Info

UFASI currently handles the town’s bonding activities; the town typically issues bonds every two years, but no explicit renewal or amendment of the advisory relationship was acted on at this meeting.

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