Foxboro officials have agreed to the terms of an $18.9 million bond that will help fund several important projects around town. The money will go toward improving the Elm Street highway garage, updating the police locker rooms, and buying the former Mormon chapel on Main Street to turn it into a new community center. The bond will be repaid over 20 years, costing the town just over $20 million total. Property taxes are expected to rise by about $194 next year for the average single-family home.
The town received 12 competitive bids for the bond, and BofA Securities submitted the winning offe…
