Pick Your Community: | Hopkins | Muhlenberg | Daviess | Christian | Fayette | Henderson | Lakes | McCracken | Warren | Webster

$10 Million in Bonds Approved

 

Jackson - Rhoads 300x271MADISONVILLE, KY (2/6/12) – The City of Madisonville could save over $118,000 the first year, depending on bids for Municipal bonds approved at the Monday night council meeting - this according to Cory Alexander, Finance Director. 

“We owe $9,835,000 for certain bonds that we can pay off without penalty.” Alexander said.

Part of the bonds paid for the water filtration plant. The city is currently paying 4.2 percent and Alexander hopes that the newly issued bonds approved by the city council will go under 3%.  The council approved issuance and sale of $10 million in bonds.

Mayor Jackson proclaimed February as “Career and Technical Education Month” and presented the proclamation to Madisonville Community College president, Dr. Judy Rhoads (photo).  In his proclamation, Jackson touted the benefits of technical training for the individuals trained as well as the communities they serve after training.  Rhoads thanked the mayor and shared many of the technical services provided by MCC.

The council approved Jackson’s appointment of Leif Ratliff to the Historic District Commission and Cliff Nance to the Historic District Commission for the unexpired term of Mark Lee.  

Jim Asbury gave the Electric Department report for 2011 service calls by the department.  A total of 1,350 calls were made during normal hours ranging from new service connections to varmints knocking out power.  One-hundred ninety-three service calls were made after hours.  Varmints played havoc in 2011 knocking out electric service 52 times according to Asbury.

The council approved a bid from Xylem Water Solutions USA, Inc. for a 185 horsepower lift station electric submersible pump.  The pump was in the budget and was less that the budgeted line item.

Following the meeting, Cory Alexander told SurfKY News that funding for the city’s pension fund for retired police and firefighters was in place, and that the retirees pension payments are secure.

Ron Sanders
SurfKY News

© Copyright 2014 SurfKY News Group, Inc. All rights reserved. This material may not be published, broadcast, or rewritten without permission. SurfKY News encourages you to share this story by using one of the social media links below.

3/12 - 718 switched from reg 2 to hopkins only
3/13 - 16

Stock Report

1 DOW 17,001.22
-38.27 (-0.22%)    
2 S&P 1,988.40
-3.97 (-0.20%)    
3 NASDAQ 4,538.55
+6.45 (0.14%)    
3/12 - 718 switched from reg 2 to hopkins only
3/13 - 16
3/12 - 718 switched from reg 2 to hopkins only
3/13 - 16

In Other News...

Land Between The Lakes 2014-2015 Archery Season

GOLDEN POND, Ky. (8/22/14) — Land Between The Lakes National Recreation Area invites the public to participate in… Read More

Two Busted for Meth in Central City

CENTRAL CITY, Ky. (8/22/14) — Two Central City residents are in jail after Kentucky State Police obtained a search… Read More
3/12 - 718 switched from reg 2 to hopkins only
3/13 - 16

Most Read This Week (Site-Wide)

August 21, 2014 6125

Muhlenberg Task Force on Trail of Home…

in News by Wes Miller
August 20, 2014 4091

Park Avenue Trespass Call Leads to…

in Top Stories by Madisonville Police Department
August 19, 2014 3605

Free Arthritis Exercise Program will be…

in News by Woody Maglinger
August 19, 2014 3517

Municipal Art Collection on Exhibit at…

in News by Mary Bryan Hood
August 19, 2014 3516

'Another One Bites the 'Duct'

in Top Stories by Paul McRee, SurfKY News

Most Read Stories from Hopkins County

August 20, 2014 4091

Park Avenue Trespass Call Leads to…

in Top Stories by Madisonville Police Department
August 21, 2014 2086

Pedestrian Struck on East Arch Street,…

in Top Stories by Officer Ryan Clark
August 20, 2014 1951

Dawson Springs Woman Arrested for Driving…

in Top Stories by SurfKY News
August 18, 2014 1503

Madisonville Firefighters Recognized for…

in Top Stories by Rita Dukes Smith, SurfKY News Director
August 20, 2014 1272

Theft at Pennyrile Park Apartments Leads…

in Top Stories by Madisonville Police Department

Most Read Stories from Owensboro

August 19, 2014 3605

Free Arthritis Exercise Program will be…

in News by Woody Maglinger
August 19, 2014 3517

Municipal Art Collection on Exhibit at…

in News by Mary Bryan Hood
August 19, 2014 1734

Owensboro Police Department to Host…

in News by Michael Hathaway
August 19, 2014 1098

‘Drive Sober or Get Pulled Over’ Campaign…

in News by Officer Michael Hathaway
August 20, 2014 1052

OCTC Faculty Earns National Honor

in News by Bernie Hale

Most Read Stories from Muhlenberg County

August 19, 2014 3516

'Another One Bites the 'Duct'

in Top Stories by Paul McRee, SurfKY News
August 19, 2014 2976

Drakesboro Woman Injured When Tree Falls…

in Top Stories by Martha Clark
August 21, 2014 1980

UPDATE: Injuries Sustained in Two-Vehicle…

in Top Stories by Charles W. Riley II, SurfKY News
August 20, 2014 1848

Deterioration of Caney Station Cemetery…

in Top Stories by Charles W. Riley II, SurfKY News
August 19, 2014 1693

Central City Lions Club Charity Auction…

in Top Stories by Dean Rowe

SurfKY News Group, Inc. Central Office & Printing Division
1125 Nebo Rd.  •  Madisonville, KY 42431  •  270.452.2249 (fax)
Main Number: 270.452.2727 (phone)  •  Printing Division Direct Line: 270.821.8600 (phone)

SurfKY Owensboro News Bureau
920 Frederica St. / Suite 210  •  Owensboro, KY 42301  •  270.683-8060 (phone)


Contact a member of our staff: www.surfky.com/contact
Copyright © 2014 SurfKY News Group, Inc.  •  Terms of Use  •  Site Map

social 03social 04social 22social 21social 06