By JOSHUA THOMAS The Leader-Herald JOHNSTOWN A large crowd assembled in Sir William Johnson Park on Thursday for the unveiling of a bronze statue of hometo
JOHNSTOWN — A large crowd assembled in Sir William Johnson Park on Thursday for the unveiling of a bronze statue of hometown hero Elizabeth Cady Stanton.
Johnstown Common Council approves $12.2M bond proposal | The Daily Gazette
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JOHNSTOWN – The Common Council Wednesday night voted unanimously to authorize City Treasurer Mike Gifford to go to the municipal bond market to obtain up to $12.2 million for capital projects the largest bond procurement in the history of the city.
The borrowing was reduced from what has been called a $13.7 million “wish list” from the city’s department heads presented to the council on July 19.
The lion’s share of the bonding is part of approximately $7.2 million worth of capital projects requested by the city’s independently-elected Water Board, and will be repaid by the city’s water customers and not through property taxes.
Johnstown Common Council will consider $13.7M bond proposal | The Daily Gazette
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JOHNSTOWN – Mayor Vern Jackson has scheduled a special meeting of the Common Council for tonight at 7 p.m. to discuss and then vote on a resolution to borrow up to $13.7 million for city capital projects.
While Jackson in June had said he didn’t know whether the bonding process would be completed by the end of his term in December, the council now appears poised to move ahead with authorizing the borrowing before the end of July.
First Ward Councilman Bradley Hayner said he anticipates the special meeting will take approximately “30 to 45 minutes.”
Johnstown officials preparing $13.7M bond proposal for a variety of projects and acquisitions dailygazette.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailygazette.com Daily Mail and Mail on Sunday newspapers.