Town Of Ledyard: NOTICE OF SPECIAL TOWN VIRTUAL MEETING – 1/26/2022 AT 6:15 PM

Press release from the Town of Ledyard:

January 19, 2022

TOWN OF LEDYARD

TOWN OF LEDYARD

NOTICE OF SPECIAL TOWN MEETING – JANUARY 26, 2022

January 12,  2022:

January 12,  2022:

b. to authorize the issue of bonds or notes or obligations of the Town in an amount not to exceed $295,000; to provide that the amount of bonds or notes or obligations authorized to be issued shall be reduced by any grants received for the project; to authorize the issue and renewal of temporary notes of the Town in an amount not to exceed $295,000 in anticipation of such bonds or notes;

b. to authorize the issue of bonds or notes or obligations of the Town in an amount not to exceed $295,000; to provide that the amount of bonds or notes or obligations authorized to be issued shall be reduced by any grants received for the project; to authorize the issue and renewal of temporary notes of the Town in an amount not to exceed $295,000 in anticipation of such bonds or notes;

d. to take such action to allow temporary advances of available funds which the Town reasonably expects will be reimbursed from the proceeds of borrowings; and to authorize the Mayor, Director of Finance and the Treasurer, or any two of them, to bind the Town pursuant to such representations and covenants as they deem necessary or advisable in order to maintain the continued exemption from federal income taxation of interest on the bonds or notes or obligations authorized by the resolution if issued on a tax-exempt basis, including covenants to pay rebates of investment earnings to the United States in future years;;

d. to take such action to allow temporary advances of available funds which the Town reasonably expects will be reimbursed from the proceeds of borrowings; and to authorize the Mayor, Director of Finance and the Treasurer, or any two of them, to bind the Town pursuant to such representations and covenants as they deem necessary or advisable in order to maintain the continued exemption from federal income taxation of interest on the bonds or notes or obligations authorized by the resolution if issued on a tax-exempt basis, including covenants to pay rebates of investment earnings to the United States in future years;;

f. to authorize the Mayor, the Director of Finance and the Treasurer, the Building Committee for the project, and other proper officers of the Town to take all other action which is necessary or desirable to complete the project and to issue bonds or notes to finance the aforesaid appropriation.

f. to authorize the Mayor, the Director of Finance and the Treasurer, the Building Committee for the project, and other proper officers of the Town to take all other action which is necessary or desirable to complete the project and to issue bonds or notes to finance the aforesaid appropriation.

Pursuant to Section 9 of Chapter VII of the Town Charter, to consider, discuss and vote at said town meeting on the aforesaid Resolution presented under Item #1 as follows: 

Pursuant to Section 9 of Chapter VII of the Town Charter, to consider, discuss and vote at said town meeting on the aforesaid Resolution presented under Item #1 as follows: 

                                                                                                Kevin J. Dombrowski, Chairman

                                                                                                Kevin J. Dombrowski, Chairman

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This press release was produced by the Town of Ledyard. The views expressed here are the author’s own.