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Stone Harbor Adopts $3.3-Million Bond

bond | 44 weeks 4 days ago | Comments 1

By Megan Gillin-Schwartz

STONE HARBOR —A $3.3 million bond ordinance introduced last month in reaction to a referendum for a bond worth twice the amount was adopted at a regular meeting Sept. 4.

The new bond stands to cover the balance for 2007 capital projects. The grand total of the revised budget is $3,803,800; $503,800 of which is previously funded.

After the referendum June 26 on a $6.6 mil-lion bond, including $2 million for a controversial recreation facility, Mayor Suzanne Walters and Council President Barry Mastrangelo asked committee chairpersons to take another look at their capital budgets.

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Fri, 12/28/2007 - 1:45pm

That is quite an expensive bond maybe some of the money should have been donated to a beneficial association

Avalon Looks to Refund Bond With Green Acres Loan Funds

Avalon | 43 weeks 4 days ago | Comments 0

By Megan Gillin-Schwartz

AVALON — Borough Council held a special meeting Sept. 5, adopting a resolution to make application to the local finance board for re-approval to refund an outstanding bond for the 8th Street recreation field project with proceeds from a low-interest state Department of Environmental Protection Green Acres Loan.

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New Stone Harbor Bond Heads for Adoption

bond | 46 weeks 2 days ago | Comments 0

By Megan Gillin-Schwartz

STONE HARBOR — A $3.3-million bond ordinance, introduced last month in reaction to a referendum for a bond worth twice the amount, will be up for adoption at borough council's regular meeting Sept. 4 at 4:30 p.m. in Borough Hall.

If the new bond is passed, it will stand to cover the balance for 2007 capital projects. The grand total of the revised budget is $3,803,800; $503,800 of which is previously funded.

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