The town council approved the issue of $17 million in bonds to refund prior town bonds at a lower interest rate at the Tuesday night meeting.
Town Manager Steven Werbner said that refinancing could save around $245,000 over the life of the bonds.
The town council also set a public hearing to allocate $25,000 from the Unallocated Capital Fund in order to fund projects at the high school that would make it usable as a long-term, large shelter for residents during emergency situations.
The school currently has a generator, but has yet to be wired to provide power to the sections of the building needed to open a shelter. This would include wiring the generator to the kitchen, showers, climate control, etc. at the school.
The council also recognized Public Works Director Clem Langlois, Jr. and resident Jerry Clark for their assistance in fixing a at the town's highway garage.
The rest of the meeting's agenda is available on the town's website. The council will hold a special meeting on March 29 at 7:30 p.m. at town hall.