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Hagerstown City Council Eyes $7.3M Bond Issue

Posted on March 2, 2017

By Dave McMillion, Herald-Mail Media

Hagerstown officials began work Tuesday night on a proposed bond issue generating up to $7.3 million to be used for a variety of projects, including the dredging of City Park lake and a new $1.25 million fire truck.

The five-member Hagerstown City Council voted unanimously during a regular meeting to introduce an ordinance authorizing the city to sell general-obligation bonds for the projects.

Councilman Paul D. Corderman noted that many of the projects were developed during the previous administration.

Going forward, Corderman said he hopes the current administration “gets a handle on some of these expenditures.”

The council is expected to vote on the ordinance Tuesday.

General-obligation bonds are issued by state and local governments to raise money for public works.

Under the proposed bond, $1.1 million would be generated for the dredging of the lower lake of City Park.

Preparations are being made for the dredging, which involves removing excess silt from the lake, which will increase the waterway’s depth and improve its quality.

Source: Herald-Mail Media

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