Assembly considers raising the value of borough property that can be sold without a vote of the public

An ordinance amending Petersburg municipal code was passed in its first reading by the Petersburg Borough Assembly last week. At its second reading during the next assembly meeting a public hearing on the ordinance will take place.

The ordinance would amend borough code to increase the assessed property value requirement for disposal of borough property from $500 thousand to $2 million.

Currently, voters must approve of any sale or trade of borough property with an assessed value $500 thousand or higher.

The ordinance seeks to change that requirement from $500 thousand to $2 million.

The last...