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Middletown IDA: Executive director reports PolyCraft compliance; state reduces bond issuance charge
Summary
At the Sept. 17 meeting, the City of Middletown Industrial Development Agency heard that consultant Lokey Brill found PolyCraft in local compliance and that the state Division of Budget has reduced bond issuance charges for large transactions; no new bonding projects are currently on the IDA’s table.
The City of Middletown Industrial Development Agency learned on Sept. 17 that consultant Lokey Brill reported PolyCraft is in compliance with local requirements, and that a Division of Budget letter has changed how bond fees are assessed.
Executive Director Ms. Bruni told the board that Lokey Brill’s review showed…
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