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Binghamton council adopts sewer-credit ordinance, lowers council approval threshold to 20%
Summary
The Binghamton City Council on June 18 adopted introductory ordinance O25-42 establishing new code chapter 339a on sewer credits, and amended the ordinance to require council approval when 20% or more of available credits would be sold.
The Binghamton City Council on June 18 adopted introductory ordinance O25-42, creating new code chapter 339a to establish a sewer-credit program and requiring City Council approval when 20% or more of the available credits would be sold.
Council member Kavanaugh, who introduced the ordinance in the finance committee, said the program is intended to let the city deploy an asset to aid development while adding oversight. "It's a way for the city to use, deploy essentially an asset in a way that's going to…
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