Ad-Express and Daily Iowegian, Centerville, IA

May 19, 2013

City Council budget amendment public hearing tonight

By Michael Shaffer Managing Editor
The Daily Iowegian

---- — The Centerville City Council at tonight’s regular meeting will hold a public hearing amending the fiscal year 2013 budget, which ends June 30.

The budget amendment calls for an additional $3.5 million in total revenues and other sources and an additional $3.4 million in total expenditures and transfers out. The amended budget adds $73,870 to the coffers.

In other action, the council has five resolutions to decide, two resignations to consider, three requests to think about, a presentation on the Safe Routes to School project and a representative from Ruan Securities will present analysis on refinancing 2003 general obligation bonds.

RESIGNATIONS

Jason Raskie from the Water Department and Marcia Meller from the Drake Public Library Board of Directors.

REQUESTS

Peggy Johnson and Justine Heffron with the YMCA and Nancy Huisman and Lottie Wilson representing city parks and pool are expected to ask for a portion of the more than $110,000 in unused Appanoose County Railroad Local Option Sales and Service Tax funds being returned to the city.

The YMCA request is for $20,000 to replace the building’s boiler, air handling unit and control systems. The request letter states the building was constructed in 1987 “and most of the internal systems have never been replaced and have passed the end of their useful lives.”

The YMCA estimates the cost of capital improvements at $80,000. The reserve fund for capital improvements currently has $23,000 in it.

The third request is from the Historic Preservation Corporation to hold the Children’s Art Festival on the Courthouse lawn June 29 from 10 a.m.-3 p.m. This will make the festival’s eighth year.

RESOLUTIONS

• Amending the current budget for FY 2013.

• Approving plans for Phase 1 of the SRTS project.

• Transferring funds from sewer to sewer bond sinking.

• Amending salary resolution and set salaries effective immediately for Centerville Police Officers Angela Widmer and Bryan Baum both at $17.50 per hour at 40 hours per week.

• Setting a time and date for a meeting to authorize a loan agreement and issue not more than $1 million in general obligation refunding capital loan notes.

PRESENTATIONS

Hall Engineering Company states the cost of the SRTS project has increased due to a change in design. The original plans called for a four-foot wide sidewalk on Cottage Street, which was been changed to six-feet at the city’s request.

The city’s estimated cost for the project stands at $99,999.

Hall Engineering recommends the city request a 30 day contract period with a late start date of March 31, 2014. The construction completion date stands at April 30, 2014.

Nathan Summers with Ruan Securities will present an analysis of refinancing 2011B and 2003 general obligation bonds, a proposed timeline and engagement letter in reference to not more than $1 million in general obligation refunding capital loan notes.