Download Village Council Letter To LGC PDF Free - Full Version
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About Village Council Letter To LGC
The Village of Bald Head Island requests that the Local Government Commission defer consideration of the Bald Head Island Transportation Authority's application to issue revenue bonds. The village expresses concerns over insufficient diligence on transportation system costs, cash reserves, and projected rate increases. Additional analysis is needed on parking, spoil disposal, and other operational requirements. Indicative bond ratings have not been received. Public input from residents and property owners who depend on the ferry system has not been obtained. More time is needed to address issues and ensure the application and proposed purchase are factually and financially sound before approval of the non-voted debt financing.
Detailed Information
| Author: | ['Johanna Ferebee Still'] |
|---|---|
| Publication Year: | 2020 |
| Pages: | 4 |
| Language: | English |
| Format: | |
| Price: | FREE |
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