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Town of Wellsville announces special meeting planned for September 27

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LEGAL NOTICE OF SPECIAL MEETING

NOTICE IS HEREBY GIVEN that a special meeting will be held by the Wellsville Town Board, Allegany County, State of New York in the Town Office, Wellsville Municipal Airport in said town on September 27 ,2022 at 6:30 PM for the purpose of completing two resolutions to start a BAN for the Airport and one for the New Municipal Building.

September 23, 2022

Danielle Osgood, Town Clerk  

BY ORDER OF THE TOWN BOARD


* A “BAN” is the acronym for a Bond Anticipation Note, explained by Investopedia.com :

“What Is a Bond Anticipation Note (BAN)?

A Bond Anticipation Note (BAN) is a short-term interest-bearing security issued in advance of a larger, future bond issue. Bond anticipation notes are smaller short-term bonds that are issued by corporations and governments, such as local municipalities, wishing to generate funds for upcoming projects. “

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