Outstanding bonds answer from School Information Night‏

There was a question asked at the School Capital improvements information night on Tuesday that asked, and I am paraphrasing here, what are the outstanding bonds that the town currently has out, and when they will be paid in full?  Well, since the finance committee, and the town council who were present could not or would not answer, here is the answer.  This is straight from the most recent audit that has been posted on the town’s website under the finance department.  The last one is from November’s election. 

Type of Bond	Date of issue	Original Amount	Date of Maturity	Interest Rate	Balance
Town Bond	May 2009	$1,310,855	November 2019	2.08-5.58%	$917,600
Town Bond	May 2005	$368,000	November 2020	1.50-3.70%	$226,492
Town Bond	October 2006	$540,000	November 2021	1.8-6.25%	$324,000
Town Bond	October 2011	$270,000	November 2021	0.50-5.50%	$243,000
Sewer Bond	August 2004	$350,000	April 2024	1.93%	$192,500
Town Bond (LCS)	May 2004	$12,899,710	November 2024	4.41%	$7,739,830
Water Dept. Bond	October 2005	$3,000,000	November 2024	2.05%	$1,893,910
Sewer Bond	October 2005	$500,000	October 2025	1.43%	$325,000
Water Dept. Bond	October 2006	$393,000	November 2025	3.0-5.0%	$255,450
School QSCB Bond	July 2010	$350,000	July 2030	5.28%	$280,000
Town Bond	May 2010	$1,070,000	November 2030	2.06-5.56%	$963,000
Water Dept. Bond	October 2010	$970,000	November 2030	2.06-5.56%	$873,000
Water Dept. Bond	November 2013	$650,000	November 2034	3.76%	$650,000

Submitted by: 'False Deluder'

Now this is what The Lisbon Reporter was created for. Where else can you go to have such great community involvement with activities and information in OUR Town?  A BIG Thank You to local citizen False Deluder for researching and bringing forth information for our community!!!