Friday, September 02, 2005

Klockner Woods closing date update

The date for Hamilton to begin paying on their inflated-price purchase of Klockner woods has come and gone- with no action. This means the township will begin to owe interest at a rate of 8% annually on the $4.1 million they agreed to pay.

The wetland and flood plain survey they commissioned should be done Sept. 12. Also, there's no guarantee when that is done that the purchase agreement will be changed at all.

And the fleecing of Hamilton and NJ continues...

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