LOCKPORT -- Niagara County scored its lowest interest rate on borrowing since 1993 when it sold a one-year Refuse Disposal District note last week.
County Treasurer David S. Broderick said the $1.24 million bond anticipation note was bought by Fleet Bank, which will charge an interest rate of 2.82 percent. The county's interest cost for the borrowing will be $34,870.
Broderick said he will likely convert the borrowing to long-term bonds in the coming year, with the timing depending on the interest rate situation.
Broderick said the borrowing is for the balance of the county's share of the remediation of the former Wheatfield landfill, a Superfund project.
The county originally borrowed $2.4 million about four years ago, Broderick said. That amount has since been reduced by two principal payments of $80,000 each and a $1 million grant from the U.S. Environmental Protection Agency.
Farm-related photos sought for contest
LOCKPORT -- Photos of Niagara County farms, farmers and farm products are being sought for entry into a photography contest sponsored by Cornell Cooperative Extension of Niagara County.
There are three categories: Taste, Face and Place, designed to capture images of products, people and places involved in agriculture. County winners will enter a statewide contest at the State Fair. Niagara County had state winners in each of the last two years.
The contest is divided into age groups, under and over 18, with the adult contest split into amateur and professional groups.
The deadline for entries is July 20. Contest rules and further information are available by calling 433-2651.