Bond Sale Notice

The City of Montpelier is issuing a public notice for the sale of $11,861,000 in municipal sewer‑system improvement bonds. Bids must be submitted sealed to the City Treasurer’s office by 10:00 AM EDT on September 9, 2020. Bonds will be dated September 15, 2020, bear a fixed interest rate up to 1.50 % per annum, and be payable in 60 semi‑annual installments through September 2050. The city reserves the right to prepay, reject any or all bids, and will provide a legal opinion at no cost. No official offering memorandum or credit rating has been prepared. • Total face amount: $11,861,000 • Interest rate: ≤ 1.50 % annually, fixed • Payment schedule: 60 semi‑annual installments (≈ 30 years) • Bid deadline: 09/09/2020 10:00 EDT (sealed bids) • Delivery: sealed bids to City Treasurer, Montpelier, VT • No underwriting or credit enhancement involved • Legal opinion provided free of charge