ELLSWORTH — The City Council during a special meeting Friday awarded a bid for a $3.5-million bond.
The bond will be used to fund the Route 1A water main extension project, purchase apparatus for the Fire Department’s aerial fire truck and refinance an existing bond, according to Finance Director Tammy Mote.
The low bidder for the bond was Raymond James & Associates Inc. at an interest rate of 2.09 percent.
The city received five bids. The highest was from Eastern Bay Capital Markets at a rate of 2.32 percent.
In other business, the council approved $2,900 to purchase data from the state of Maine GeoLibrary.
The state will collect elevation data about Ellsworth’s commercial center from the air using a laser technology called Lidar, Deputy Planner Jef Fitzgerald explained. Lidar is used in conjunction with a global positioning system.
Maine is collecting data along the coastline as part of an American Recovery and Reinvestment Act grant for $1.4 million, which was awarded to Northeastern states. Maine’s share of the grant is $489,000.