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Plans to merge bonds to pay for roads, radios move forward

March 22, 2020
By John Speer - Central Iowa Press (jspeer@tamatoledonews.com) , Traer Star-Clipper

There were no public comments Monday morning on a plan which will result in combining a pair of Tama County general obligation bond issues, a part of termed a refunding loan agreement. The remaining amount due on the original $7 million in bonds issued in 2013 to pay for road improvements is planned to be combined with a new issuance totaling$4.7 million for 911 communication system bonds.

The county is limited to a $10 million ceiling in bonding capability for the measure and this will result in a portion of the radio system bonds to be apart from the financing plan.

A resolution was approved on a 3-0 roll call vote of the supervisors which approves the measures and provides for a levy which will produce $353,265 to pay principal and interest prior to the beginning of the July 1, 2020 fiscal year.

Article Photos

Tama County Board of Supervisors (l-r) 1st District Chair Larry Vest, Dinsdale, 2nd District Kendall Jordan, Toledo and 3rd District Dan Anderson, rural Tama.
-Central Iowa Press file photo

A hearing on the radio bonds is scheduled for April 6.

In other business Monday the supervisors:

approved on 3-0 voice vote an agreement to allow purchase of a 1.5 acre tract of former railroad line property in Oneida Township by Chris Behrens. A total of $2,851 in back interest and taxes on the property is due dating back over 33 years according to Treasurer Michelle Yuska. Behrens offered to pay $100 for the property and to assume legal fees. A subsequent action will be necessary to finalize the action, supervisors siad.

signed a utility permit for Grundy REC in Carroll township.

took part on a telephone work session with Moody's on bond rating.

gave Tama County approval for the merger of Region 6 and Region 10 Iowa Workforce Investment boards.

approved claims for the past two weeks totaling $616,005

 
 
 

 

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