In a recent government meeting, officials discussed critical updates regarding stormwater management and financial developments for the town. The conversation highlighted ongoing concerns about stormwater drainage, particularly in light of a proposal for underground stormwater treatment at a development site. Officials noted that the planning board had expressed significant concern over stormwater management in their last meeting, prompting discussions about potential changes to the Unified Development Ordinance (UDO) to align with new standards for handling 25-year storm events.

The developers are currently in compliance with existing UDO standards, but there is an expectation for them to adapt their designs to meet the more stringent draft UDO standards. This adaptation is crucial, especially given the area's history of flooding, as reported by local landowners. Officials indicated that engineers are still evaluating the necessary adjustments to ensure compliance.

In addition to stormwater discussions, the meeting also covered positive financial news. The town successfully conducted a bond sale, receiving 16 bids with interest rates lower than anticipated, ranging from 3.18% to just under 3.27%. This outcome was better than the financial advisors' projections and resulted in the town securing an additional $2.4 million due to selling the bonds at a premium. The reaffirmation of the town's AAA credit rating was also celebrated, as it contributed to the favorable bond rates, ultimately benefiting local citizens.

The meeting underscored the town's commitment to addressing environmental concerns while also ensuring financial stability and growth. Further updates on the stormwater management plans and financial details are expected in the coming weeks.