The money from either or both sales would qualify as capital funds and hence would have to be used for similar purposes according to what I recall the discussion on the sale of the Four Corners Building (now Walgreens). The funds can not be used for annual operational expenses.
The renovation and expansion of the Library I think would qualify. The buildout of the second floor of the Senior Center should also qualify.
What else would?
Is there a current plan to use the money or to just set it aside in the bank for future use?
 |
| Four Corners Building - June 2009 (just before demolition) |
Milford Daily News article on the Pond St RFP
http://www.milforddailynews.com/article/20140913/NEWS/140918125/1994/NEWS
The agenda for Wednesday's Town Council meeting includes the details of the 150 Emmons St RFP
http://www.franklinmatters.org/2014/09/franklin-ma-town-council-agenda-sep-17.html
Audio from the Town Council meeting January 19, 2008 on the Four Corners RFP
http://www.franklinmatters.org/2008/01/four-corners-rfp-discussion.html
No comments:
Post a Comment