City Council Finance Committee To Consider Loan Order

Donna Motta September 13, 2016 Comments Off on City Council Finance Committee To Consider Loan Order

The Correia Administration has sent the Fall River City Council a proposed $2 million dollar bonding plan for its consideration.

$1 million dollars of that loan is proposed to construct a partial roadway to the site of the new Atlantis Charter School. This after neighbors complained about the charter school’s original plan to build the main access road to the property located on South Watuppa Pond by way of Dickinson Street. The revised idea is to make the entrance available via Jefferson Street.

The other $1 million bond which would be borrowed under the Water and Sewer Enterprise Fund with $500,000, would be used to purchase the 3.7 acres adjacent to the donated parcel on the South Watuppa Pond, which is the former location of the John E. Boyd Center For Child Care in the area known as Dave’s Beach.

The remaining $500,000 would be used as contingency funding to build the roadway.

Both loan orders are considered ‘priority matters’ and will go before the finance committee at its regularly scheduled meeting tomorrow, Tuesday, September 14th.

 

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