Fredonia eyes bond note for water project

Three Fredonia trustees devoted their board meeting reports this week to the water system saga. Most notably, Trustee Tim Mulholland said the village is eyeing a bond anticipation note to help fund its North County Water District connection project. Mulholland described a meeting about financing options for the project. Financial consultant Rick Ganci, Trustee LeeAnn Lazarony, and Treasurer Erlyssa LeBsau joined him in the meeting. The Fredonia officials gave Ganci a “financial snapshot of our village. One of the immediate priorities is reimbursing our village’s water fund for approximately $500,000 in engineering and related project expenses already incurred before our recent pause.” Mulholland continued, “We discussed whether it would make more sense to pursue financing for the entire project, or focus initially on reimbursing the water fund.

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