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Commissioners authorize bonds for Griffith 391 drainage project and set construction assessments
Summary
The board approved issuing bonds to cover property-owner portions of the Griffith 391 watershed drainage improvement, set the construction assessments and said the debt will be serviced from special assessments; officials cited a principal around $215,000, a 4.6% interest rate and an eight-year term.
Delaware County commissioners approved resolutions on Aug. 18 to issue bonds to finance property-owner shares of the Griffith Number 391 watershed drainage improvement and to adopt the final schedule of construction assessments for the project.
County staff said the resolution authorizes bond issuance with a principal listed in…
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