Ballard Spahr To Be Bond Czar For $115M Delco Float — Delaware County (Pa) Council, last night, Aug. 20, held the first reading of a bond float calling for a “general obligation debt in the maximum aggregate principal amount of $115,000,000.”
They named the Ballard Spahr law firm as general counsel for the issuance.
Ballard Spahr is chaired by Mark S. Stewart.
Who is Mark S. Stewart?
Stewart had been chair of the firm until recently and is now its senior council.
Oh, he’s also the hubby of Congresswoman Mary Gay Scanlon who represents Delco.
Remember, Democrat voters your party is the party of the little guy.
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Wish we could tell you what Ballard Spahr’s cut of the bond float is going to end up being. We are confident, though, it could pay a rich man’s county taxes for a decade or two.
By the way, we never heard Council mention a dollar amount in the presentation. Maybe we just missed it. It can be watched here.
The vote will be next month.
Ballard Spahr is a Philly firm, by the way.
Council couldn’t find one from Delco to handle things?
Sorry, silly question.