MARBLEHEAD — The Select Board on Thursday voted to approve the award of the sale of more than $12 million in bonds to fund a number of projects approved at Town Meeting earlier this year.
The bonds were awarded to Fidelity Capital Markets at a price of $13.5 million, and will fund five town projects and four school projects, according to Town Administrator Thatcher Kezer. The projects funded are: a road and sidewalk repair program, a police station roof replacement, a community center roof replacement, a Tower Way/DPW/Water and Sewer Headquarters roof replacement, a salt shed replacement, SMART panels for the Glover School, a roof replacement at Marblehead High School and new HVAC units for the field house, a new boiler for the high school, and a D Wing roof replacement.
Kezer said all nine projects were approved by Town Meeting members in May, allowing the treasurer and the town’s finance department to go out to bid, securing rates, and raising funds by selling the bonds.
Four out of five board members were present at the meeting, and all four voted to approve the sale of the bonds, Kezer said.
The board also voted to appoint Cami Iannarelli as the town’s interim treasurer/tax collector, with Acting Finance Director Michael Carritte set to depart for the private sector.
The board also approved a number of charity events set to take place in the town over the course of the fall, including the Marblehead Rotary 5K in November.
Charlie McKenna can be reached at [email protected].
