Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
Cohoes council approves $10.5M in bond authorizations for capital projects
Summary
The Common Council unanimously approved two bond ordinances on July 14: Ordinance No.12 authorizing up to $6.5 million for various capital projects and Ordinance No.13 authorizing up to $4 million for the Columbia Street improvements; the mayor described the spending as "must do" items.
The Cohoes Common Council voted unanimously to authorize two bond ordinances totaling up to $10.5 million for city capital projects. Ordinance No.12 authorizes up to $6,500,000 in serial bonds to fund various capital improvements across city facilities; Ordinance No.13 authorizes up to $4,000,000 specifically for the Columbia Street Improvements Project. "The Bond we are voting on tonight are must do things," Mayor Keeler said earlier in the meeting.
Council Member McCarthy moved to approve Ordinance No.12; Council Member Izzo seconded and the motion passed with all members recorded "AYE." Later, Council Member Higgins moved to approve Ordinance No.13; Council President Biggs seconded and that motion also passed unanimously. The ordinances authorize the comptroller to issue bond anticipation notes in advance of selling bonds and indicate the amounts may be offset by federal, state, county or local funds if received.
