Bedford radio proposal gets OK
Jennings outlined the projected costs of the project, which would be paid for by BCTV capital improvement reserves and enterprise fees from Comcast subscribers, with no costs to taxpayers.
Phase 2 would include remodeling part of the BCTV annex into pre-production and broadcasting rooms, and purchasing studio and transmission equipment for $56,000 to $65,000.
The council decided to delay a public hearing on taking a portion of a Joppa Hill Road property by eminent domain. The hearing has been rescheduled to Nov. 13, to allow for more negotiation and the signing of a compromise.
The Town Council has revisited changing from a calendar year budget to a fiscal year to bring spending more in line with voters’ approval of budgets in March. Currently, the town begins spending in January, and collects its taxes in July and December. Past councils have discussed the change in 2005 and 2009.
The council discussed the financing terms of a $30 million road bond it is expected to bring to voters in March. The consensus of the council is to go with a 15-year bond rather than a 10-year bond. In comparison, a 15-year bond would cost $329 annually for a property assessed at $400,000; a 10-year bond would cost $440 annually for a $400,000 assessed property. The finance charge is greater but the tax rate would be lower.
A professional consultant will present a study to the council on Oct. 9, including the costs, equipment, staffing and site analysis of building a substation along South River Road. Fire Chief Scott Wiggin has said the increase in EMS and fire calls warrants serious discussion for a substation because the South River Road corridor has grown in population and businesses.
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