Byline: TIM O'BRIEN Staff writer
TROY A state Financial Supervisory Board withheld its approval of the city's financial plan Thursday, saying it needs to know what the city will do if its proposal to sell recreation assets fails.
The city wants to create a Community Development Corp. to buy the city's golf course, swimming pools and marina for $3.5 million. That revenue is included in the 1995 budget, but state Comptroller H. Carl McCall, the board's chairman, said the city must detail what it will do if that proposal does not attract investors. ``As I look at the plan, I could not approve it without a specific contingency plan,'' McCall said. …
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