In Southbury: New Director of Public Works Introduced primepublishers.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from primepublishers.com Daily Mail and Mail on Sunday newspapers.
SOUTHBURY â The Board of Selectmen, meeting Thursday, May 20, approved a resolution during a public hearing for Ascentria Care Alliance regarding its ownership of the Lutheran Home.
Attorney Gail E. McTaggart, Secor, Cassidy, & McPartland, explained the requirement to hold such a hearing to benefit investors and bond holders of a $35 million bond.
Ms. McTaggart noted that there is no obligation to the town; the federal regulations for bonding require a public hearing in towns where the properties are located.
A planned renovation of the rest home will address the only remaining piece of the property that has not been upgraded.
The home has been part of the community for 100 years.
SOUTHBURY — Moody’s Investors Service has upgraded the town’s general obligation bond rating from Aa2 to Aa1, affecting $2.3 million of outstanding debt.