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West Haven council schedules public hearing on $26.29 million bond ordinance
Summary
The West Haven City Council on Monday set a public hearing for 6:55 p.m. on Jan. 27 to consider an ordinance authorizing up to $26,289,900 in bonds, plus issuance costs, to finance capital projects already approved in the city's fiscal 2023'24 and 2024'25 capital budgets.
The West Haven City Council on Monday set a public hearing for 6:55 p.m. on Jan. 27 to consider an ordinance authorizing up to $26,289,900 in bonds, plus issuance costs, to finance capital projects already approved in the city's fiscal 2023'24 and 2024'25 capital budgets.
The bond ordinance covers a mix of city, sewer and Board of Education projects and would allow the finance director, mayor and treasurer (the bond committee) to sell bonds or short-term notes and to apply for grants to offset project costs. Finance Director Michael Gormeny told the council the ordinance authorizes borrowing for the capital improvement plans the council previously approved and that the borrowing schedule was already…
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