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By Gerald Ochs
Rappahannock News Writer
Following a moment of silence for the Sept. 11 victims and the recently departed Mary Miller Wood and Marshall Boarman, the Washington Town Council conducted its regular business at its meeting of Sept. 11, 2002.
Mayor Stew Willis called a public hearing on the “Issuance of General Obligation Bonds for Avon Hall and the reservoir,” and he explained that he wished for the Town to obtain a $500,000, tax exempt, Bank Qualified Bond Anticipation Note from SunTrust Bank at an interest rate of 2.19 percent for a 2 year period. The proposed note would drop the interest rate for the bridge loan from the 4.15 percent offered by the Rappahannock National Bank, and would require a pledge of proceeds for wastewater treatment system construction anticipated from the Rural Development Administration.
Town resident Diane Bryce opened public comments with questions on the financing and ultimate cost of a wastewater treatment system, and Mayor Willis conceded that the cost of the system, that will include the cost of acquisition of Avon Hall, will be significant. “What we’re planning to do is spend a lot of our money,” he said.
Ms. Bruce continued her inter
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