Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Town Garage topic
No spam. Unsubscribe anytime.
Canajoharie board moves to pay down garage BAN and formalize ARPA reimbursements for garage costs
Summary
Board approved budget transfers to pay $100,000 on the BAN for the new Town Garage and formalized ARPA reimbursements totaling roughly $63,299 for prior garage expenditures.
The Town Board voted to move appropriations into debt service so the town can pay $100,000 toward the bond anticipation note (BAN) used to finance the new Town Garage. The modification shifts existing appropriations into Debt Service Principal, with a noted transfer of $2,145.00 from A9730.7 (Debt Service Interest) and $855.00 from A1990.4 (Contingency). The minutes state that after the $100,000 principal payment the town will have $87,885 remaining to cover interest.
The board also formalized the use of ARPA funds to reimburse prior garage expenses. The minutes list increases to revenue and expense lines of $48,380.29 (A4910 → A1640.2), $1,351.52 (DA4910 → DA5148.4), and $13,567.26 (DB4910 → DB5110.4). The document notes these changes formalize approvals the board made at its Aug. 9 meeting. No new vote count beyond the recorded motion language appears in the public minutes. The board discussed the garage's recent infrastructure updates earlier in the meeting, including the installation of a new fuel tank.
