Tuesday, November 16, 2010
 
sponsored by

CITY BRIEFS -- Part 2

General obligation bond, grant applications lose out and more

Send a link to a friend

[November 16, 2010]  Monday evening nine members were present for the voting session of the Lincoln City Council, with Alderman Buzz Busby being absent for the evening.

The consent agenda passed first with a 9-0 vote. Items on that agenda included a proclamation for the month of December to be Drunk and Drugged Driving Prevention Month in Lincoln, and the approval of an audit report that will be submitted to the Illinois Department of Transportation for the 2008-2009 fiscal year.

The group also voted on a new general obligation bond and heard from Chuck Conzo, city treasurer, on the state of city finances at the end of October.

Bond approved 7-1

Paul Brown of First Midstate was on hand to present the official ordinance document for the city's new general obligation bond. The document was several pages long and not read aloud during the meeting.

Brown offered an overview, saying the ordinance contained several pages that outlined all the steps the city had taken to secure the bond, including the public hearing and discussions.

He said the bond, if approved, would be in the amount of $500,000 and would be issued on Dec. 1. He also noted that the city was getting into the new bond at a good time, as interest rates are low.

It was also discussed that the bond requirement included at least 5 percent of the money being used within the first six months of the issue and all the money being expended by the end of the three-year term.

City attorney Bill Bates asked if First Midstate had located local investors for the bond, and Brown said that indeed they had, and that State Bank of Lincoln is the bond registrar.

When this topic came to discussion, Alderwoman Melody Anderson excused herself from the room due to a conflict in interest, as her career is with investments.

When the vote was taken, seven council members approved the bond issuance. While Alderman Tom O'Donohue did pause and contemplate his vote, he did vote yes. However, Alderman David Wilmert chose to enter a vote of no.

Conzo reviews finances

Conzo submitted a written report to the council and offered a very brief overview. He noted that in the month of October the state of Illinois had issued $492,378.25 in funds to the city. However, in looking at the report, of the seven payments received, four were for money due in July.

Conzo noted that in October the city received no state income tax payment. He said this was an early indication of the state beginning to fall behind in their payments.

The city's general fund bank balance is still in the black, but narrowly so. As of the end of October, the bank balance was $84,275.86, compared with $895,769.54 at this time last year.

Changes to appropriations approved

By unanimous vote, the 2010-2011 appropriations ordinance was amended to include additional money received from the motor fuel tax and to adjust expenditures in the line for city police clerical staff, as well as make a change in the amount to be paid to the Logan County Joint Solid Waste Agency for their annual agreement with the city.

ETSB agreement renewed

The city will renew its emergency communications agreement with the Logan County Emergency Telephone System Board, or ETSB. This provides the 911 services in the city and is maintained at the Logan County Safety Complex by the Logan County Emergency Management Agency.

The ETSB had asked for a $9,000 increase from the city and county. However, after discussing it, Snyder said that EMA director Dan Fulscher had compromised to a $6,000 increase this year and 5 percent annual increases hereafter.

Snyder said the county had just entered into an identical agreement with ETSB.

The council approved the contract renewal by unanimous vote.

[to top of second column]

Change in meeting times effective in January

With a unanimous vote, it was decided that in the year 2011 all city council meetings will commence at 7 p.m.

This is a change from the past, in that generally the meetings on the first and third Mondays of the month began at 7:15.

In other news

Snyder said he has learned that the city will not be awarded $2,000,000 from a TIGER2 grant application it had filed jointly with Abraham Lincoln Memorial Hospital. The funding, if received, would have gone to the construction of the circle road that will join the new hospital to Woodlawn Road.

However, Snyder said that the hospital still intends to go forward with the project.

The city was also turned down on a grant application to HUD that would have provided $156,000 for a redevelopment study of the Lincoln Developmental Center campus. Snyder added there will be an opportunity to debrief with one of the grant reviewers. He said this would help the city identify what the weaknesses were in the first application and will assist in submitting a better document the next time these funds are made available.

The city has also been turned down on a grant application to the Illinois Department of Transportation. The $1,875,000 grant was earmarked for downtown streetscape improvements.

Snyder said this money would have gone to construction, and he felt the reason the city did not win is that there were other locations farther along in the process.

On the bright side, he said a grant application to the Department of Commerce and Economic Opportunity has not yet been awarded, so the city may still be in the running for that one.

The DCEO grant would provide funding for the development of a plan for the downtown streetscape. If the city should win this, they will be able to move forward with planning, which could put them in a better position the next time IDOT grants become available.

Snyder also reviewed briefly the development of a high-speed rail committee. A news release from the mayor is in today's Top Stories.

And finally, Kathy Vinyard of the Paint the Town Red group has advised Tibbs that currently there are 12,000 red tulip bulbs in the ground around the city. The group has set a goal of 15,000 tulips, one for every Lincolnite, and is still hoping for additional donations before it gets too cold to plant.

[By NILA SMITH]

Past related articles

Exterminator

Library

< Top Stories index

Back to top


 

News | Sports | Business | Rural Review | Teaching and Learning | Home and Family | Tourism | Obituaries

Community | Perspectives | Law and Courts | Leisure Time | Spiritual Life | Health and Fitness | Teen Scene
Calendar | Letters to the Editor