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01/28/2016 Letters to the Editor

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City should repay loan to utility customers in full
The city should repay what it owes to the water and sewer utility funds. On Nov. 13, 2013, then-Mayor Fred Ward signed a resolution authorizing an interfund loan of $1,478,430 from the water and sewer funds to the Greenlight fund. According to the resolution, the loan was to be repaid in its entirety by 2017. There was even an interest rate of .01 percent applied to this loan.


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