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NIAGARA NEWS BRIEFS

>20-year bonds to cost $2.3 million in interest

LOCKPORT -- Niagara County will pay an average interest rate of 4.13 percent on 20-year bonds it sold last week, County Treasurer David S. Broderick said Tuesday.

The bonds, with a total principal value of $4.67 million, will incur a total interest cost of $2.3 million over the 20 years. Broderick said the county will spend slightly over $350,000 a year to pay investors principal and interest.
Roosevelt & Cross, an old-line Wall Street bond firm, was the lowest of three bidders and bought all the bonds.

The county will use the money for a variety of road and bridge projects, along with setting aside $1.5 million for the proposed new county office campus and $1 million for the planned new Public Works headquarters.

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>Restored building to open at Old Fort Niagara

YOUNGSTOWN -- A newly renovated powder magazine built 250 years ago at Old Fort Niagara will open to the public at 1:30 p.m. Sunday.

The building, known as the French Powder Magazine and built in 1757, has been renovated to look the way it did in the mid-1700s.

The opening coincides with the fort's open house and holiday social.

The public will receive free admission to the fort, off the end of the Robert Moses Parkway, from 1:30 to 4 p.m.

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>Giant Christmas wreath returns to bank's wall

LOCKPORT -- First Niagara Bank, which this week installed its traditional giant Christmas wreath on the side of its main branch at 55 East Ave., is hosting a "Wreath Rally" there at 5:30 p.m. Thursday.

The wreath, which was a fixture when First Niagara was Lockport Savings Bank, was replaced a few years ago by a smaller one that dissatisfied employees and customers alike. Bank spokeswoman Helen Tederous said some employees volunteered their time to restore the old one.
It will be lit for the first time at the rally, which will be attended by Santa Claus and also offer carol singing and some other holiday surprises.

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>Zoning Board may vote on Wal-Mart variances

LOCKPORT -- The town Zoning Board of Appeals may vote on variances for the Wal-Mart supercenter project at a special meeting at 6 p.m. Dec. 11.

Chairman Paul W. Siejak said the board set the schedule at its regular meeting Tuesday night.

Siejak said there will be public comment Dec. 11, as the board had merely put a public hearing on hold in January, when consideration of the project was temporarily suspended at Wal-Mart's request.

The Planning Board approved the project last week, clearing the way for action on the 12 variances still before it. That is the last approval needed before the project can proceed, although opponents are threatening a lawsuit.

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