Advertisement

Hagerstown City Council briefs

November 05, 2008|By DAN DEARTH

Finance director gets OK to seek best interest rate to borrow $19 million



The Hagerstown City Council on Tuesday gave the city finance director permission to seek the best interest rate to borrow up to $19 million in bonds.

City Finance Director Alfred Martin said if he finds a favorable rate, which would have to be approved by the council, the city then would sell the bonds to raise money to help pay for several projects.

A few of those projects include the widening of Eastern Boulevard and the purchase of police radios, according to city documents.

Martin said the city would pay off the bonds over a 15- to 20-year period.

Mayor might have to give two State of the City addresses



Mayor Robert E. Bruchey II might have to give two State of the City addresses next year.

Advertisement

On Tuesday, the Hagerstown City Council discussed having one address in front of the Chamber of Commerce and another during a City Council meeting.

Councilwoman Alesia D. Parson-McBean said she was concerned that the standard procedure, in which the mayor only addresses the chamber, might not reach the general public.

By having an address during a council meeting, the public would be able to attend, she said.

The Herald-Mail Articles
|
|
|