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The article announces the livestream of the construction of a new Police Department and Town Hall in Ogunquit, starting October 3, 2024, and expected to continue through 2025. The livestream will provide updates on the project, which will improve visibility as a tree obstructing part of the site is relocated early in the construction process. Residents are encouraged to follow the updates through the provided livestream link.
The Sustainability Committee will host an event from August 29 to September 25, 2024, focusing on executive leadership and management in sustainable business practices. The event aims to engage non-profit organizations and government entities in Ogunquit and beyond.
Ogunquit has launched a new smartphone application for Android and Apple devices, aimed at keeping residents updated on town news and resources. The app serves as a vital tool for accessing important information and staying connected with local developments. This initiative reflects Ogunquit's commitment to enhancing communication within the community.
The Ogunquit Town Report for the fiscal year spanning July 1, 2022, to June 30, 2023, is now available online and in print at Town Hall starting June 11, 2024. This annual report provides an overview of the town's activities and financial performance. Residents are encouraged to access the report via the provided link for detailed insights.
The article highlights the release of Ogunquit's Annual Town Report covering the fiscal year from July 1, 2022, to June 30, 2023. It informs residents that printed copies will be available at Town Hall starting June 11, 2024, and provides links to access the report online. This update is crucial for community engagement and transparency regarding local governance.
The Town of Ogunquit, Maine, has announced the issuance of $12,260,000 in general obligation bonds, which are exempt from federal income tax under certain conditions. The bonds will be fully registered and issued through a book-entry system, with interest payments commencing in November 2024. This financial move aims to support local initiatives while offering potential tax advantages for investors.
Moody's Ratings has assigned an initial Aa2 issuer rating to Ogunquit, Maine, reflecting the town's affluent year-round population and stable financial position. The rating also applies to the town's $12.8 million General Obligation Bonds, which will support various projects, including the refurbishment of a town hall and police building. Environmental risks and governance factors were noted as considerations in the rating process.
The article provides a comprehensive credit opinion on Ogunquit, Maine, highlighting its economic strengths and challenges. With a stable financial history and significant reliance on parking fees, the town faces unique risks, particularly from environmental factors like flooding. Moody's assessment indicates a generally positive outlook despite certain vulnerabilities.
The Town of Ogunquit, Maine, has been assigned a credit rating of "AA+" by S&P Global Ratings for its upcoming General Obligation Bonds, due in 2054. The outlook for this rating is deemed stable, indicating a positive financial standing for the town. The letter outlines the conditions for rating maintenance and the importance of timely financial disclosures.
S&P Global Ratings has assigned an 'AA+' rating to Ogunquit, Maine's $12.75 million general obligation bonds, highlighting the town's strong financial management and stable economic outlook. The bonds are secured by the town's full-faith-and-credit pledge, allowing for property tax levies to ensure repayment. Proceeds will finance critical capital projects, including a new municipal campus for the police department and town administration.