December 23, 2024
Archive

Milo residents approve revision in article

MILO – An article relating to a loan approved at the annual town meeting earlier this month was revisited Tuesday by residents.

The town’s attorney had recommended that an article seeking approval to borrow $97,944.18 to cover overdrafts be revised and voted on again.

Residents approved the revision Tuesday at a special town meeting.

The revision did not change the initial monetary amount of $97,944.18 to be borrowed. It did however, include a separate financial statement that estimated interest costs on the proposed five-year note of $8,324.39, making the total principal and interest on the bond $106,268.39.


Have feedback? Want to know more? Send us ideas for follow-up stories.

comments for this post are closed

You may also like