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Peru board authorizes $210,000 transfer to H33 Bridge culvert project ahead of bond funding
Summary
The board authorized a $210,000 transfer from general savings to the H33 Bridge Culvert project to cover invoices pending bond funding; members said the transfers will be reimbursed once long‑term funding is secured.
Clerk read a resolution authorizing the transfer of $210,000 from the town’s general savings account to fund invoices for the H33 Bridge Culvert project prior to bond funding. The resolution describes the transfer as necessary to meet immediate payments and indicates that the account will be resolved with further bonding arrangements later.
A board member emphasized that the town is beginning processes for long‑term funding and that identified advances will be reimbursed once grant/bond funding is in place. Roll‑call confirmation followed and members indicated assent during the meeting.
