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Grand Island board creates capital reserve fund for water‑meter replacement with $9 million cap
2117019 · January 6, 2025
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Summary
The Town Board approved a permissive‑referendum capital reserve fund intended to finance future water‑meter replacements, setting a maximum cap of $9,000,000.
The Grand Island Town Board on a unanimous roll‑call vote adopted a resolution to create a capital reserve fund for planned water‑meter replacement, setting the fund’s maximum allowable balance at $9,000,000 and making the resolution subject to a permissive referendum.
Town Attorney Peter C. Godfrey explained the proposal and the blank in…
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