Providence city, library officials reach agreement on community library buildings. (Providence Journal, 12/22/2011)
Excerpt: City officials will pay $5 million through 2031 to transfer ownership of the neighborhood libraries to the city. The libraries would then be operated by the Providence Community Library.
Under the 20-year lease-purchase agreement mediated by retired Superior Court Judge Mark Pfeiffer, the city will initially pay $250,000 to the Providence Public Library, which owns the buildings and until 2009 had run the library system. Starting in 2014, the city will make 18 annual payments of $264,000 to complete the purchase.
Related posts:
The next round. (7/20/2011)
Unsure about status of branches. (5/28/2011)
It's complicated. (5/16/2011)
New administrative structure, same old building maintenance issues. (10/16/2010)
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