Legislation Stall Portsmouth High Sch...

Legislation Stall Portsmouth High School Wind Turbine

Posted in the Middletown Forum

Bob Delaney

Jamestown, RI

#1 Mar 27, 2013
Legislation Stall Portsmouth High School Wind Turbine

March 27, 2013 The Portsmouth High School wind turbine broke down one year ago. This month marks the fourth aniversary of ill fated industrial machine.

Today Portsmouth faces legistative issues over the onwership and bonding of the turbine. As you remember back in 2007 the town was in a rush to buy the industrial machine and moved quickley to get voter ratification .

The Town of Portsmouth went to the General Assembly and asked that voters be able to vote for a 3 million dollar bond and the turbine in a single vote. The legislation was passed and the Town of Portsmouth voted for the bond-turbine package.

The town wants to take down the three million dollar turbine which it still owes 2.3 million in bond debt. The bond is a zero percent bond.If the town goes into a public private partnership the bond could very well change to a 5 to 7 percent bond retroactive to 2009.

The finances may dictate that the town repair the turbine to the tune of one million dollars and then again in another three years.

The Town is meeting in "Executive Session" about the ongoing financial fiasco .

The bond qusetion will have to back to the voters again

Senate Bill S 0260
http://webserver.rilin.state.ri.us/BillText/B...

amended
http://webserver.rilin.state.ri.us/BillText/B...

House Bill 2007 -- H 5217
http://webserver.rilin.state.ri.us/billtext07...

amended "
http://webserver.rilin.state.ri.us/billtext07...
Jack Kelly

Jamestown, RI

#2 May 13, 2014
How can Portmouth sell the turbine if the voters voted for the turbine and the bond in one single vote ?

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