A Question For The Town Treasurer Re Symmes

<https://sites.google.com/site/arlingtonmassachusetts/Home/2009/bos-nov-16-2009-s

ymmes-bonds>

November 16, 2009 - Selectmen voted to convert the Symmes Bond

Anticipation Notes (BANs)

to General Obligation Bonds.

What is the amount of the bonds? If Arlington bought Symmes for $7.1

million, and sold it to Fish for $6 million, does Arlington now owe

$1.1 million on Symmes? Or does Arlington owe $5 million on Symmes?

Why? How much does Arlington owe on Symmes? How much is on the tax

rate now?

name and address - Arlington Mass

Mr. XX:

The Original BANs were approximately $12.6M.

The sale price reduced that debt.

The Bond issued December 9, 2009 for the Symmes site

project is for $5,262,000.

There is a current BAN on the second Symmes parcel in the

amount of $1,310,000.

$6.572M is the total debt.

This is not on the 2010 Tax Rate.

SIncerely,

Stephen

--

Stephen J. Gilligan

Treasurer & Collector of Taxes

Town of Arlington, MA

781-316-3031

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Date sent: Thu, 10 Feb 2011 15:16:48 -0500

Subject: A Question For The Town Treasurer Re Symmes

From: Peter S <zerg90@gmail.com>

To: sgilligan@town.arlington.ma.us

> <https://sites.google.com/site/arlingtonmassachusetts/Home/2009/bos-no

> v-16-2009-s ymmes-bonds>