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News Update for Thurs., July 24, 2014

Cody Family Reunion underway in Jamestown...

The opening events of the 2014 Cody Family Reunion are underway in Jamestown.  It was "busy" during this afternoon's reception... and, there's an informal buffet dinner tonight at the Gateway Train Station.  That from Tain Station Manager Lee Harkness... who says hundreds are expected to be in the area for the events -- both in Jamestown and Chautauqua Institution through this Sunday.  One of the big events in Jamestown will be Saturday morning's Western Parade through the downtown.  Harkness says streets will be closed off at 7 a.m., with the the line-up taking place at Prendergast and Foote Avenues.  He adds the procession will step off -- appropriately -- "westward" at 9 a.m.  Harkness says it's different thant normal... and, will end at the train station.  He says they want anyone and everyone to take part in the procession... which will include a "Wild West" theme.  He says they especially want kids to take part in the fun.  Harkness says they have teams of horses... and, a stagecoach that'll be part of it... along with the Jamestown High School Marching Band.  He says once the parade is over... there'll be a smaller, scale "Wild West Show" in front of the Train Station.  A major "Honor Dinner" will be held at the Train Station tomorrow night at 6 p.m.  For more information.. go on-line to www.cody-family.org.


Goose Creek streambank project funding approved...

County lawmakers have unanimously approved using $50,000 in bed tax funding for a $438,000 project to shore up a major contributor of sediment in Chautauqua Lake.  Legislature members are also pleased the county was able to obtain a nearly $300,000 federal grant from the U-S Department of Agriculture for the project.  Silver Creek Republican George Borrello says stabilizing 3,800 feet of the creek bank is the right kind of project to deal with the invasive weed problem on the lake.  Borrello says "we are now treating the 'disease...' not the 'symptoms'."  Both Both Borrello and West Ellicott Republican Lisa Vanstrom acknowledged that other public and private entities have come forward to help fund the other approximately 88-thousand dollars to complete the project.  Vanstrom thanked the Soil and Water Conservation board for working to get the grant... and, the Chautauqua Watershed Conservancy... and, Sheldon Foundation for the added funding.


S & P Bond Ratings get upgrade...

Standard & Poor's has raised its ratings of New York's general obligation and appropriation-backed bonds.  Credit Analyst David Hitchcock says the upgrade is based on improved budget management and spending restraint with relatively modest projected budget gaps for future years.  S&P is raising the rating of the general obligation bonds to AA+ from AA.  It is raising the appropriation-backed bonds' rating from AA- to AA.  That follows recent ratings upgrades of the state's bonds by Fitch and Moody's Investors Service.