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Trappe council approves Lakeside bond reductions recommended by GMB
Summary
The Council approved bond reductions for Lakeside phases 1A, 1B, 1D and Phase 1 of the WWTP as recommended by engineering firm GMB; James Cook presented the overview and the motion passed unanimously.
James Cook reviewed the existing bonds for Lakeside and summarized GMB's recommendations for reducing specific bonds tied to Phases 1A, 1B, 1D and Phase 1 of the wastewater treatment plant (WWTP). After discussion, President Newnam moved to approve the bond reductions as recommended by GMB; Commissioner Michael Sullivan seconded and the motion passed unanimously.
The minutes record that GMB had reviewed each bond and provided recommendations. The Council approved the reductions consistent with GMB's recommendations; details of original and reduced bond amounts were not recorded in the meeting minutes.
