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Council OKs Lakeside Bond Reductions Recommended by GMB
Summary
The council approved bond reductions for Lakeside Phases 1A, 1B, 1D and Phase 1 of the WWTP following recommendations from GMB; the motion passed unanimously.
James Cook summarized GMB's review of the current bonds for Lakeside and the developer's request to reduce them. President Newnam moved to approve the bond reductions as recommended by GMB; Commissioner Michael Sullivan seconded the motion and the council approved the recommendation unanimously.
Council minutes do not list individual bond amounts or the new reduced totals; the council recorded that GMB provided recommendations and the reductions were approved based on that professional review.
