Funding for a new electrical substation on Clintonville’s northwest side has been secured, and the financing end of the project is moving forward.
The council had directed the borrowing of electrical bonds in the month of December. The bids were opened on Tuesday, Dec. 11, prior to the council’s meeting that same evening.
The net bond amount needed to cover the project cost was originally estimated to be $2,420,000, but final numbers came in at $2,345,000. The total amount was reduced by $71,412 due to a reoffering premium that was not part of the original estimate.
The council unanimously approved Resolution 2012-14, authorizing the issuance and sale of $2,345,000 in electric system revenue bonds, providing for the payment of the bonds and other details with respect to the bonds.
“I don’t think you could have done much better on these interest rates than what you did,” commented Todd Taves, CIPFA, senior financial advisor/principal with Ehlers, Inc. “These are probably the lowest rates we will see in our lifetimes.”
During the citizen’s forum, Janice Frazier of Weyauwega spoke.
“I’m here because my brother and his wife wrote a letter to the building inspector regarding a mobile home on lot #103 on Flora Way,” she stated. “It needs extensive repair, and we wanted this issue to appear on a council agenda.”
Mayor Judy Magee said that the issue is being dealt with by the city attorney, city administrator, and several other city officials who have been in contact with the owner of the mobile home.
“We are working to resolve this issue, but it will take time,” said Magee.
Magee also explained that the mobile home park must abide by city ordinances and obtain all necessary permits.
City Administrator Lisa Kuss said the issue was not related to a mobile home permit as the park itself is permitted by the city. The city does not regulate or permit the individual trailers that come in and out of the park. However building permits are required as the mobile homes must follow all state building codes.
Several employees were honored for various years of service, and the employees joined the council as they recessed for cake and refreshments to celebrate the many years of service.
Resolution 2012-15: Building Fees and Rental Increases
The council took no action on Resolution 2012-15: Building Fees and Rental Increases. A list of proposed fees and charges for the use of the Rec Center and Community Center was presented.
The council went on to approve the following items:
• Identity theft prevention program (annual item);
• A temporary Class B Beer license for the Clintonville Firemen’s Association for Jan. 26, 2013 (Fire on Ice); and
• Resolution 2012-16: In support of the preservation of tax-exempt financing. “There is a risk that the Federal Government will eliminate Tax Exempt Financing for municipalities,” explained Kuss in a memo to the council. “This would cost us thousands of dollars, as the cost of borrowing would be much higher. We are asking the council to consider adopting this resolution to forward to our Federal elected officials.”
The council adjourned into closed session to discuss an employee residency issue and an educational reimbursement issue. After the meeting, Kuss reported that the council referred the residency issue to the Personnel Committee for discussion at their January meeting. The council did not discuss the educational reimbursement issue.
The council will meet for the last time in 2012 on Thursday, Dec. 27 at 5 p.m. to pay any remaining bills before year’s end.
The next regularly scheduled council meeting will be on Tuesday, Jan. 8, 2013.