COUNCIL APPROVES ORDINANCES, RESOLUTION INVOLVING PARK BOND
(Richmond, IN)--Monday night, Richmond Common Council passed two ordinances and a resolution involving a bond issuance to help make immediate improvements for the Richmond Park Department. Council member Jerry Purcell described how the city will benefit: "What this will do is this will give us a temporary loan to do some emergency projects that need to be done now - projects such as roofs, maintenance to our golf course...". The next step is to market a bond anticipation note, and that will happen quickly. "...in time for a closing near April 1 or April 15. You could order the equipment. You could order the pumps," said the city’s bond counsel. The immediate need for parks has been estimated at $4.8 million.
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