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Burke board authorizes short-term loan to cover road work until CHIPS funds arrive (Resolution #8-2024)
Summary
Resolution #8-2024 authorizes the town to take a loan to fund road work until state CHIPS reimbursements are received; a public hearing on the loan is scheduled for Oct. 8 at 6:15 p.m. The motion passed unanimously.
The Burke Town Board voted unanimously on Resolution #8-2024 to authorize taking a loan to cover road work expenses until CHIPS (Consolidated Local Street and Highway Improvement Program) funds are received. The resolution, moved by Paddy Wheeler and seconded by Eric Ashlaw, schedules a public hearing on Oct. 8, 2024 at 6:15 p.m. to discuss the borrowing.
Minutes record the board's rationale: roadwork is needed now and funds from CHIPS are expected but timing may delay payment. The board did not specify a loan amount in the minutes; the hearing will be the next opportunity for public detail and potential vote on any borrowing terms.
