About Bonds

Bond In Investing Savings The township committee authorized a $2.3 million bond and the purchase of 247 acres of farmland Thursday.

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Bond Investment Toledo Toledo The township agreed to purchase two farms. The 117-acre Crossroads Farm, now owned by John Polhemus, will go for about $10,256 per acre, or $1.2 million. The 130-acre Caruso farm will be purchased from Nature's View Associates for $780,000.

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James Bond Trading Card The owners agreed to donate half of the land to the township, Mayor James Ashe said. Both properties are near the intersection of Route 519 and Brass Castle Road.

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Bond In Investing Stock The bond was introduced in July as a $3 million deal, but was reduced after negotiations for a third parcel of land fell through, Ashe said.

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Municipal Bonds Investment If the township is able to obtain an interest rate between 2.25 and 3 percent, the bond can be paid off entirely with money from the township's 2-cent open space and farmland preservation tax, said Committeeman Jim Hausamann.

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Bond Terms Trading "This is what the people in the township voted for," Hausamann said. "I think it's a good business decision."

Bond Debt High In Inside Township auditor David Evans said the costs associated with the bond "pale in comparison" to the costs in school construction and other fees that would develop if houses are built on the farmland.

Bond Greenville Greenville Nevitt Duveneck, a member of the township's planning board and open space committee, said the land purchase will help White Township get attention from the Warren County farmland preservation program, which has not invested any open space money into the township.

Trading Stock And Bonds "We've worked very hard to get our program up to speed," Duveneck said. "This is a good way to do it. This will get the whole preservation program moving forward in White Township."

Bond Investing Municipal Ashe said his intention is to strip the development rights from the two properties, subdivide them and sell them at auction to farmers as preserved farms. Blairstown and Knowlton townships have taken similar actions and had success, said Committeeman Walter Menegus.

Basis Bond Finance Hill Also Wednesday, about 10 farmers voiced their objections to farmland assessments that increased by as much as 600 percent in the past year, as crop prices have gone down.

Bond Explained Terms Trading Township tax assessor Ben Murdoch, who did not make the assessments, said landowners have until April 1 to appeal assessments to the county tax board. Assessments are determined using guidelines suggested by the state, then printed on green cards and mailed in February, he said.

Bond Business Investing Stock The township committee sympathized with the farmers and agreed to write to state legislators to object to the state's suggested guidelines. Ashe said he will also draft a petition that will be placed in the township municipal building for signatures. Several of the farmers present offered to help circulate the petition, which Ashe said should be posted in the municipal building by Monday.

Bond Houston Houston By Katherine Blok
The Express-Times - 8/9/2003

Topic: Agriculture

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