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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.
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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.
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