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The town of Avon nervously entered the bond market on Tuesday to look for more than 25 million dollars, and it was pleasantly surprised by the results.

John Carlson is feeling much better now that this bond sale is over. He is the chairman of the Avon Town Council. Before the sale, he had no idea how much the bonds would cost his town, or if there would even be buyers.

"I was thinking I was pretty nervous over it all."

Four banks bids on the full 25.8 million dollars. Boston-based Eastern Bank was the low-bidder with an interest rate just under 2.4 percent.

"Actually it is lower than we paid a year ago for these same 1-year bonds. and is slightly less than we expected and budgeted for. So we're very pleased."

Carlson says Avon's pristine credit rating helped secure the low interest rate, along with the other encouraging signs in the economy this week.