Select Board approves $11.6M bond sale, extends accountant's contract
Select Board approves $11.6M bond and $19.3M note sale backed by AAA rating. Chair Pat Wojtas and the five-member board unanimously approved sale of General Obligation Municipal Purpose Loan bonds to TD Financial Products LLC at $12.6 million and Bond Anticipation Notes to Huntington Securities at
Select Board · Meeting of June 29, 2026
CHELMSFORD — Select Board approves $11.6M bond and $19.3M note sale backed by AAA rating. Chair Pat Wojtas and the five-member board unanimously approved sale of General Obligation Municipal Purpose Loan bonds to TD Financial Products LLC at $12.6 million and Bond Anticipation Notes to Huntington Securities at $19.5 million, with Standard and Poor's reaffirming the town's AAA long-term credit rating. Acting Town Manager John Sousa also secured unanimous approval to extend Town Accountant Darlene Lussier's contract until retirement with a four percent raise after she received an exceptional performance rating; Ms.
Lussier's prior contract expired June 30. The board separately appointed Christina Andersen to the Community Teamwork Inc. Board to replace Paul Cohen.
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Source: the Select Board meeting of June 29, 2026, compiled from the official minutes.
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