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Cranberry Township adopts $27 million bond ordinance for capital improvements
Summary
The Cranberry Township Committee unanimously approved Ordinance 03-26-08 on second reading March 23, authorizing roughly $27,086,700 in capital appropriations and bonds for various projects; roll-call vote was unanimous.
The Cranberry Township Committee unanimously approved Cranberry Township Ordinance 03-26-08 on second reading at its March 23 meeting, authorizing approximately $27,086,700 in capital appropriations and the issuance of bonds or notes to finance part of the cost.
During the second reading the ordinance’s figures were read into the record: an appropriation figure (reported at the hearing as $27,086,700 approximate) with financing from the capital improvement fund, recreation trust, and authorizing bonds or notes to cover the balance. Committee members conducted a roll-call vote; Mr. Christopher, Mrs. Eladawi, Dr. Rogers, Mr. Scott and Mayor Conam each voted yes.
Mayor Conam declared the measure adopted by unanimous vote. No public comment was offered before the roll call on the ordinance at the meeting.
The ordinance was read as "Cranberry Township ordinance number 03-26-08 bond ordinance providing for various capital improvements" and lists specific funding sources read into the record. The minutes and adopted ordinance will be made public following the township’s usual posting procedures.
