Wednesday, May 16, 2007

Without discussion or public comment...

The bond issue is rolling through "without," as the article in the Advocate notes "discussion or public comment." That's as it should be--the decision to go forward was made directly by the community during the July 16th referendum two years ago; the council's proper role on this issue is to execute the will of the people.

The introduction of the ordinance this week is a means to expedite the passage of the ordinance as soon as final conditions are set by the bond market after next week's trip to New York by the LUS/LCG personnel who will make their presentation to a group of major bond brokers. (Say a little prayer for the home time--if the bond agents' conditions are favorable it could mean a huge interest savings for the people of Lafayette over the life of the bond issue.)

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