Newspaper Article Archive of
The Kalona News
Kalona, Iowa
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Newspaper Article Archive of
The Kalona News

February 1, 2018 Supervisors OK EMC funding
Article Pages -- as published on the The Kalona News website.

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ARTICLE DESCRIPTION:

With passage of a resolution authorizing the sale of up to $10.5 million in general obligation bonds, the Washington County supervisors, Tuesday, Jan. 30, took a major step to obtaining mandated emergency medical services communication equipment.

Action followed a public hearing in which Michael Hart of Northland Securities, Inc. detailed three debt-repayment structures of eight, 10 or 12 years. Included were averaging of three debt levy rates of $1.37, $1.13 and .97 cents (per $1,000 valuation based on a base of 1,252,989,263) with the longest resulting in a total estimated interest payment of $2 million.

Hart also told the board that the decision regarding the structure can wait until next month and that another factor will be the actual amount needed which could be well below $10.5 million. In reviewing the figures, supervisor Bob Yoder said he preferred the shorter term which had a more than $1 million lower debt-repayment interest amount.

Supervisor Jack Seward said that a key issue “will be how much we need to borrow,” and that he understood that having a long-term debt for needed infrastructure was “appropriate” financing for the county. He also noted that another major factor would be the actual interest rate in the bond sale as well as the actual equipment costs. The county is faced with a deadline of the end of 2019 to have the new equipment to operate its 911 emergency system, something all counties are facing statewide.

The board expects to act on the debt structure by Feb. 27.

In other business, the board approved an agreement for Washington County Veterans Affairs coordinator Sue Rich to provide consultant assistance to Louisa County veterans in applying for county, state and federal benefits at a rate of $30 per hour and mileage at 50 cents per mile.

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