NOTICE OF PUBLIC HEARINGS - ISSUANCE OF BONDS OR NOTES IN EXCESS OF $100,000
Board of Selectmen
Posted Jan 03, 2017NOTICE OF PUBLIC HEARINGS
ISSUANCE OF BONDS OR NOTES
IN EXCESS OF $100,000
per RSA 33:8-a
MONDAY, JANUARY 16, 2017
7:00PM
GILFORD TOWN HALL – 1ST FLOOR CONFERENCE ROOM
The Gilford Board of Selectmen will be holding two public hearings on proposals seeking voter approval at the 2017 Annual Town Meeting to borrow funds for improvements to the Recycle Center (to include construction of a new transfer station) and the reconstruction of two sewer pumping stations.The proposed “draft” warrant articles are as follows:
Question 1:Shall the Town vote to raise and appropriate the sum of nine hundred fifty thousand dollars ($950,000) for improvements to the Recycle Center; including the establishment of a solid waste transfer station; and to authorize the issuance of not more than nine hundred fifty thousand dollars ($950,000) of bonds or notes in accordance with the provisions of the Municipal Finance Act, (RSA 33); and to authorize the Board of Selectmen to issue and negotiate such bonds or notes and to determine the rate of interest thereon?
Question 2:Shall the Town vote to raise and appropriate the sum of seven hundred twenty-five thousand dollars ($725,000) for improvements to the two sewer pump stations on Varney Point; and to authorize the issuance of not more than seven hundred twenty-five thousand dollars ($725,000) of bonds or notes in accordance with the provisions of the Municipal Finance Act, (RSA 33); and to authorize the Board of Selectmen to issue and negotiate such bonds or notes and to determine the rate of interest thereon?Funds for future payments shall come from sewer user fees and not from property taxes.
Additional information on these projects along with estimated re-payment schedules will be presented at the meeting.Copies are also available at the Selectmen’s Office and on the Town’s website (www.gilfordnh.org).Any interested person may attend these public hearings and present information and/or opinions related thereto.