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Oneida County panel limits Bug Tussel bond draws until completion assurances
Summary
The Oneida County Executive Committee voted March 11 to stop approving further draws from the Bug Tussel BT1 Series 2023 bond once the remaining balance reaches $1,250,000 unless the county receives assurances the project is substantially complete; the measure passed unanimously.
The Oneida County Executive Committee voted March 11 to halt further draws on the Bug Tussel BT1—Series 2023 bond once the remaining fund balance reaches $1,250,000 until the county receives specified assurances that the project is complete.
Finance Director Tina Smigielski told the committee that a pending payment leaves a remaining bond balance of $1,546,000 and that she lacked authority to delay…
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