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Stratford council refers $17.25M bond ordinance to committee, plans special meeting
Summary
The council voted to refer ordinance 26-14, authorizing $17,246,000 in bonds for capital improvements, to the ordinance committee and discussed scheduling a special meeting to consider the package and related appropriation ordinance.
Councilor Green moved on July 13 to refer ordinance 26-14 — which would authorize issuance of $17,246,000 in bonds to fund the capital improvement program — to the ordinance committee for review and recommendation. The motion passed by voice vote.
Town counsel explained that two separate ordinances are required: an appropriation ordinance and a bond ordinance, and that the bond ordinance had been drafted in consultation with bond counsel. Council members discussed the need for a special meeting to meet the two-week public-notice rule and indicated they would try to schedule a special ordinance meeting toward the end of July to consider the full financing package.
The council referred the bond ordinance to the ordinance committee and directed staff to coordinate timing and public notice so the package could be considered together in a special session.
