Posted by: Dawn Powell | June 9, 2015

$800k bond

listed as a June 5 meeting document, but it is for tomorrow night’s irregular board meeting, is a resolution for an $800,000 bond for
“various vehicles and equipment”?????

Doesn’t that mean that they are borrowing $800k for something or other?

It is for the highway department for construction and maintenance, but still, shouldn’t that kind of money be a bit more specific?

The Town Board already passed it as a renewal, but they have to do it again, since it is a new bond, not a renewal.

http://www.putnamvalley.com/documents/3256_001.pdf

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