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Board approves $177,000 bond authorization for police vehicles and DPW equipment
Summary
Trustees approved an environmental-compliance resolution and authorized a bond sale of approximately $177,000 to finance police vehicles and Department of Public Works equipment with useful lives of three to five years.
The board approved a compliance resolution required for debt-financed purchases and authorized a bond sale of about $177,000 to fund police vehicle purchases and Department of Public Works equipment. The resolution was described as regulatory debt-service compliance and was approved by voice vote.
Jim Palmer summarized that the authorization covers purchases with useful life of three to five years and that the action follows required environmental-compliance certification for the financing. Trustees approved the motion with no recorded roll-call in the minutes provided.
