Wednesday, March 01, 2006

Fiber Bond Ordinance Date Set....Again

According to LUS' Frank Ledoux, speaking at tonight's city council meeting, we'll soon be looking at a new bond ordinance for Lafayette's delayed fiber-optic utility system. That ordinance will set up the rules which will govern the money borrowed to pay for the system. It will have to reflect the 3rd circuit's courts findings overturn a local decision, since the city decided not to appeal. It's been a long wait for the new instrument.

We'll see the ordinance on 7th; it'll be given the legally-required two week period for reflection and consideration and a council vote is projected for the 21st of March.

That won't be the final time the council has to deal with it before the bonds are finalized. There'll also have to be another layer of approval when the bonds are actually sold.

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