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items/initiatives within the energy realm. There is also a required reporting mechanism for how the fee revenue is being used. Informing customers of the fee is another requirement. Mr. Gromer noted that the fee would not appear as an additional line item on a bill; it would instead be a slight increase in the electric supply rate. The fee would be called out, however, in general informational materials about the program. Addressing Mr. Pato’s concerns about cost, Ms. Carr said it is her understanding that the fee would be implemented only during points in the pricing cycle when the fee would not cause the cost to rise above conventionally sourced energy. Mr. Gromer added that, once the fee has been authorized, the Town could decide every six months if it would be collected or not. Ms. Barry said she finds this confusing and less than transparent. Ms. Barry asked who would qualify for the low-income program. Mr. Gromer said those who qualify for the low-income discount utility rate would be eligible. Mr. Sandeen is strongly supportive of the Community Choice solar program that would simply and directly provide Lexington’s low-income residents with lower electricity bills \[Option #2\]. Regarding Option #1, he would want to see specific programs proposed before agreeing to an operational adder. Of the types of programs proposed by Ms. Carr, Mr. Sandeen would not be supportive of using an operational adder for educational or marketing campaigns, but would only want to see the adder used for programs that provided a direct benefit to Lexington residents in transitioning to clean energy sources. DOCUMENTS PRESENTED: Updated Memo from Sustainability Director; Presentation—Lexington Community Choice Program ACTION ITEMS: Ms. Carr will provide additional detail at a future Board meeting. 3. Award Sale of Bond Anticipation Notes Ms. Kosnoff said that on Wednesday, June 23, 2021, the Town sold $4.3M worth of Bond anticipation notes. The interest rate of the Bond was very favorable. The best bid was from Piper Sandler and Co. with a .2189 net interest cost which includes a $27,240 premium. This note will help finance construction that occurred last spring, plus the Hill Street sidewalk, the Town Center Streetscape project, Water and Sewer improvements, sidewalk improvements, and completion of items remaining on the open article list. VOTE: Upon a motion duly made and seconded, the Select Board voted 5-0 by roll call to approve the sale of $4,303,439 1.25 percent General Obligation Bond Anticipation Notes of the Town dated June 30, 2021 and payable February 11, 2022 (the “Notes”) to Piper Sandler & Co., at par and accrued interest, plus a premium of $27,240.77. And further: that in connection with the marketing and sale of the Notes, the preparation and distribution of a Notice of Sale and Preliminary Official Statement dated June 16, 2021, as revised June 22, 2021 and a final Official Statement dated June 23, 2021, each in such form as may be approved by the Town Treasurer, be and hereby are ratified, confirmed, approved and adopted. And further: that any certificates or documents relating to the Notes (collectively, the “Documents”), may be executed in several counterparts, each of which shall be regarded as an original and all of which shall constitute one and the same document; delivery of an executed counterpart of a 4