Posted inNews & Opinion

LDC trio is in its last days

State Supreme Court Justice Craig Doran signed off on a court order that clears the way for three county-linked local development corporations to dissolve, says County Executive Cheryl Dinolfo. Each LDC has its own board, which must meet and agree to dissolve the entity and transfer assets and contracts to the county. Dinolfo asked each […]

Posted inNews & Opinion

Assembly, Senate pass LDC law

It looks like Monroe County will be able to move forward with plans to dissolve three local development corporations. The State Assembly and Senate passed legislation yesterday that allows the county to borrow money to pay off its contracts with the LDC’s, which it formed over the years. Legally, the county can borrow money to […]

Posted inNews & Opinion

Lej backs law tied to dissolving LDC’s

County Executive Cheryl Dinolfo says that she expects to refinance the debts and contracts of three county-linked local development corporations and then dissolve the quasi-governmental organizations by the end of the year. Those plans depend on whether the state Assembly and Senate pass legislation allowing the county to borrow money to buy out those contracts […]

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