Wakefield Town Council approves $3.5M in bond anticipation notes and names high school basketball court.
Wakefield Town Council approves $3.5M bond package and multiple policy updates in unanimous vote. Chair Jonathan P. Chines led the meeting as the seven-member council unanimously approved $3.069 million in Series A General Obligation Bond Anticipation Notes at 4.625 percent and $395,300 in Series B
Town Council · Meeting of August 17, 2026
Wakefield Town Council approves $3.5M bond package and multiple policy updates in unanimous vote. Chair Jonathan P. Chines led the meeting as the seven-member council unanimously approved $3.069 million in Series A General Obligation Bond Anticipation Notes at 4.625 percent and $395,300 in Series B notes at 4.75 percent, both payable August 19, 2027 to Oppenheimer & Co., plus a $390,000 sewer bond to the Massachusetts Water Resources Authority with no-interest installments through 2036.
The council transferred $1 million from the General Fund to the Debt Service Capital Needs Account and named the Wakefield Memorial High School basketball court after retired coach and teacher Brad Simpson following public comment. The council also authorized restoration of town-owned land at Fourth Street and initiated a required decennial Charter Review Commission process with applications running through October 2026.
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Source: the Town Council meeting of August 17, 2026, compiled from the official minutes.
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