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HomeMy WebLinkAbout2015-04-14 Finance Committee Minutes SPECIAL FINANCE COMMITTEE MINUTES April 14, 2015 @ 5:15 pm Council Members: Durgin, Blanchette, Civiello, Graham, Nealley, Sprague, Faircloth Staff Members: Cyr, Conlow 1. Resolution of the Finance Committee Approving the Details of the 2015 Series A and Series B Bond Issues (Resolution provided at meeting) Finance Director Cyr reviewed the results of the public sale of the City’s Series A and Series B (federally taxable) general obligation bonds. The City received 6 bids for the tax exempt bonds in the amount of $3,120,000 and 5 bids for the taxable bonds in the amount of $1,600,000. The true interest cost (tic) of the tax exempt bonds is 2.00% and the tic of the taxable bonds was 3.424%. The Committee approved the resolution unanimously.