PRINCETON — The Princeton City Council conducted the following business at Monday’s meeting in city hall:
• Approved ambulance agreements with the Princeton Rural Fire Protection District and the Malden, Ohio and Bureau fire protection districts. Princeton Rural Fire Protection District will pay 90 percent of its annual tax levy to the city, or $100,000, whichever is greater. The Bureau Fire Protection District will pay $7,000 per year. The Malden Fire Protection District will pay $18,000 per year. The Ohio Fire Protection District will pay $17,655 per year.
• Adopted an ordinance authorizing the issuance of general obligation refunding bonds, Series 2010, in an aggregate principal amount not to exceed $515,000.
On Tuesday, City Manager Jeff Clawson said the council looked at refinancing five separate bond issues at its Oct. 7 meeting, but the reason only one issue was addressed Monday with an ordinance was because of the type of bonds. The bonds addressed at Monday’s meeting were revenue bonds, which required the ordinance adopted by the council. The other four bond issues, combined with Monday’s bond issue, will be refinanced after all of the steps are completed, probably in January. The total savings on the bonds, addressed at the Oct. 15 meeting, will generate $22,000 during the life of the bonds. However, the other four issues will generate about $300,000 over their lives, Clawson said.
• Approved a request from Doug and Jodi Hansen to rezone property, located at approximately 1856 W. Railroad Ave., from Manufacturing M-2 to Residential R-1-A in order to use the building on the property for residential use.
• Passed a resolution establishing depositories and authorities for city funds at Heartland Bank & Trust Company, Midland States Bank, Centrue Bank and Central Bank.
• Approved payment of bills as follows: $65,182 in Public Affairs and the Department of Accounts and Finances; $77,536 in the Department of Streets and Public Improvements; $127,000 in Public Health, Safety and Civil Defense; and $2,525,595 in Public Property Utilities, which included $1.2 million to Vissering Construction Company for work on the new water treatment plant.
• Heard as Mayor Keith Cain proclaimed this week, Oct. 20-26, as the General Federation of Women’s Club’s Advocates for Children Week in Princeton.
• Set trick or treat hours for 5:30 to 7:30 p.m. Oct. 31.
Comment on this story at www.bcrnews.com.