Strafford County officials approved a $17,980,000 tax anticipation note, accepting a bid from Camden National Bank at an interest rate of 3.992%, after a competing bid from JPMorgan at 4.57% and noting that Webster Bank declined to bid, according to the meeting transcript.

The discussion opened when a meeting participant announced the $17,980,000 amount and asked finance staff to proceed. A staff member said, "We received 2 bids, 1 from Camden National Bank, which is our bank that we do business with for the rate is 3.992%. The bid is from JPMorgan at a 4.57%." The staff member also said some banks declined to bid, noting, "Webster Bank, who bid on our, round, that's what they said. It's like, we're not gonna bid."

Chairing the meeting, the chair called for a motion to approve the award of the tax anticipation notes and put the measure to a voice vote. The chair said, "All in favor of adoption, can I say aye? Aye." The motion was adopted by voice vote and the transcript records that documents would be prepared for signatures the following day: "And tomorrow, the documents will all be here for you to sign," a staff member said.

Discussion in the transcript emphasized that smaller borrowing amounts can make it harder to attract competitive bids; the staff member observed that amounts under $20,000,000 over a short period "a lot of banks feel like they don't make enough money" and decline to submit offers. The record includes no roll-call vote or named mover/second for the motion.

The meeting record shows officials completed the administrative steps related to the note and moved to adjourn afterward. No further details about the debt’s use, repayment schedule, or required approvals were stated in the provided transcript.