Media Archive

Projects sought for possible county bond

Article from Bangor Daily News, Wednesday, May 10, 2006

By Diana Bowley
Staff Writer

DOVER-FOXCROFT - If there are enough economic development projects that would benefit Piscataquis County, county commissioners may consider another countywide bond referendum.

Piscataquis County has the unique authority to borrow for economic development purposes if residents support the projects in a countywide referendum vote. That authority was proposed by county leaders in a bill that was approved by the Legislature in 2003.

Municipal officials were asked recently to submit a list of projects that could be considered during the general election in November. The commissioners expect to review the list in early June to determine if a borrowing proposal is feasible.

"We'll see what develops from that," interim County Manager Owen Pratt said Tuesday.

If a bond proposal is forwarded to the voters it will be the second time the commissioners have exercised the special authority.

In 2004, residents narrowly defeated a ballot question to issue general obligation bonds, or notes, in the county's name for up to $952,000 for economic development projects in Greenville, Milo and Dover-Foxcroft. Those funds would have helped provide capital for a water main extension and three industrial parks.

Projects that can be considered under the bond package include the development of new sites for new or expanded industries and business; construction or financing for the development of new community industrial buildings; the redevelopment of existing buildings for commercial, industrial or mixed use; construction, financing or operating assistance to necessary publicly owned transportation facilities; and matching funds for any state or federal transportation project or grant.

"Content above originated in the edition noted as a copyrighted article and is posted here with permission of The Bangor Daily News. This permission does not extend to reproduction of these articles in any other form or publication."

NOTE - This article reflects the views of the author and not necessarily those of the TRC Alliance Team.