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Pegram approves one-year, $169,892 bond extension for Cedar Valley subdivision
Summary
The board approved a one-year extension of the Cedar Valley subdivision bond for $169,892, contingent on attorney clearance; the planning commission had recommended approval.
The Town of Pegram Board voted 3–0 on Aug. 25 to approve a one-year bond extension for the Cedar Valley subdivision in the amount of $169,892.00, with the action noted as pending attorney clearance.
Vice Mayor Bob Sanders moved to discuss and then move approval; Alderman Miranda Montgomery seconded. The minutes state the planning commission had approved the extension before it came to the board. The vote recorded Sanders—yes, Morehead—yes, Montgomery—yes; Randy Howington and Michael Paszek were absent.
The minutes do not list the specific conditions attached to the extension or how the bond funds will be used. The board recorded the dollar amount and that attorney clearance was a precondition to finalization.
