This is the answer Joe was given from the City after he asked this question at the Council Session April 28th.
Answer: The City of Salisbury utilized a mixed methodology to acquire financial resources in order to fund the new fire station. A portion of the funding, $4,535,000 was acquired through two CDA bonds. The balance of the funding needed was acquired through a lease/purchase agreement with Sun Trust Leasing in the amount of $5,320,000. Upon final payment under the lease/purchase agreement, the city will assume full ownership of the facility. This mixed method approach allowed the city to proceed with the construction of the new fire dep artment building within the desired timelines.
This answer comes after several posts in which the blogger insisted that the new Fire Station was NOT bonded. The letter in which this answer was contained was dated on May 12, 2008. I would presume the blogger has had plenty of time to get this answer and post THE TRUTH on his blog. I haven't seen it yet, have you?
3 comments:
"INCOMPETENT" is a word used to describe Joey's "news" writing.
You would not expect Joe to mix in any truth with his mindless chatter, would you.
No. No I haven't. What's up, Joe? Like your comments, you only post if the issue corresponds to what you want people to believe? Withholding the truth?...That is the same as lying.
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