Jamestown authorizes up to $3,000,000 in bonds and notes for affordable housing projects, pending voter approval.

The bill empowers the town of Jamestown to issue bonds and notes up to $3,000,000 for affordable housing projects. The proceeds will fund the acquisition of real property, improvements, and development of town-owned properties as affordable housing. The town council can authorize the issuance of bonds and notes, and the finance director can manage the proceeds. The bill includes provisions for the sale, redemption, and repayment of bonds and notes, and it specifies that no purchaser will be responsible for the proper application of the proceeds.

Jamestown authorizes up to $3,000,000 in bonds and notes for affordable housing projects, pending voter approval.

The bill empowers the town of Jamestown to issue bonds and notes up to $3,000,000 for affordable housing projects. The proceeds will fund the acquisition of real property, improvements, and development of town-owned properties as affordable housing. The town council can authorize the issuance of bonds and notes, and the finance director can manage the proceeds. The bill includes provisions for the sale, redemption, and repayment of bonds and notes, and it specifies that no purchaser will be responsible for the proper application of the proceeds.