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Pawtucket council approves first passage of ordinance to allow up to $50 million in water revenue bonds
Summary
The Pawtucket City Council gave first passage to an ordinance authorizing the issuance of water revenue bonds and notes not to exceed $50,000,000 to finance improvements to the city's water supply system; council received answers on borrowing authority and regulatory review but did not approve any immediate borrowing or rate change.
The Pawtucket City Council on a roll-call vote gave first passage to an ordinance authorizing the issuance of water revenue bonds and notes in an amount not to exceed $50,000,000 to finance improvements to the city's water supply system.
The finance committee recommended the ordinance, and Councilor Moran moved approval with Councilor Rubio seconding. The clerk recorded a unanimous roll-call of yes votes from President Mercier and councilors Ruggio,…
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