Categories

Home » News » Town News » From the Desk of Lizz Milardo: Quick Update on Road Bonding 8/29/16

From the Desk of Lizz Milardo: Quick Update on Road Bonding 8/29/16

Hi everyone,

I want to give Haddam residents a quick update on some good news we have recently received. The town has received a short term bond anticipation note (BAN) for 9 months at 0.89% interest to begin road construction work. At this time, we have borrowed $2.7 million. Initially, this money will be used for the next 9 months. After that point, we will pursue a long term bond for road projects. Simply put, only the interest needs to be paid on this short term note. We are very excited to receive this note to begin some of the vital road work our town needs. Let’s keep Haddam moving forward!

As always, feel free to email, call, or stop by to see me if you have any questions.

– Lizzlizz at desk

Please follow and like us:

3 Responses to From the Desk of Lizz Milardo: Quick Update on Road Bonding 8/29/16

  1. Peter Arseneault

    August 29, 2016 at 7:06 pm

    Thanks Lizz that is good news.

  2. Patricia Carlson

    August 30, 2016 at 5:45 am

    I hope Hidden Lake Rd will be on of the roads to be fixed. it is awful and hard on vehicles.

  3. Chip Frey

    August 31, 2016 at 8:33 am

    Patricia Carlson, There have been numerous open public meetings to discuss this and other articles. A little late to ask, but , Hidden Lake is included. See Letter from Lizz Milardo 8/20.Haddam Now.