·Comptroller Robert Bielecki
, Revenue/expense comparison control report posted as of June 1, 2011; Operating Fund voucher summary report, Trust voucher summary report & Capital voucher summary report for the period May 18 - June 1, 2011 received and filed.
Comptroller Robert Bielecki responded that the bond was actually a bond anticipation note (BAN) issued in 2008 and the interest rate was less than 1 percent.
It stayed as a BAN for two years and then was rolled into a bond with a rate of about 2.5 percent.
further noted that the money has been in the bank earning interest at a rate of less than 1 percent.
stated that the money was in the Capital Projects Account as an open capital project.
stated that the bonds were approved by the Town Board
for a specific thing.
Mrs. Leising thought there was a lack of communication between the Supervisor and board members and commented that they had a responsibility to the public to use this money wisely and conscientiously.
thought three years was too long to be left in the dark.
TALL GRASS AT LILY'S PLACE
Comptroller Robert Bielecki responded that he received an $8000 payment on May 31st for June.
Motion by Supervisor Piotrowski, seconded by Councilman Clarke, to recess to Executive Session at 7:50 P.M. to discuss a personnel issue with Comptroller Robert Bielecki.