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FINANCIAL_SERVICESAPPROVED

Town of Littleton Select Board Work Session Minutes May 2026

Littleton Approves $800,000 BAN with Bangor Savings Bank

$800,000 line of credit at 4.55%Town of LittletonBANGOR SAVINGS BANKMay 4, 2026

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WithersRavenel logo
Derivita logo
Comcate logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
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Description

The Town of Littleton Select Board authorized an $800,000 General Obligation Bond Anticipation Note line of credit with Bangor Savings Bank at 4.55% to support cash flow needs for the Wastewater Treatment Plant project. The note will close on May 7, 2026 and is expected to be repaid from proceeds of the July 2026 municipal bond sale.

Contract Details

Contract Amount

$800,000 line of credit at 4.55%

Vendor

BANGOR SAVINGS BANK

Agency

Town of Littleton, NH

Contract Type

FINANCIAL_SERVICES

Document Date

May 4, 2026

Contract Term

Note dated May 7, 2026; payable upon receipt of July 2026 bond sale proceeds (anticipated August 2026 payoff)

Renewal Date

2026-08-31

Renewal Info

Single-use bond anticipation note expected to be repaid in full from New Hampshire Municipal Bond Bank sale proceeds; no renewals described.

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