Council approves bond issue
The numbers were just right and Greenville’s city council took advantage when it authorized the issuance of a $5,635,000 general obligation warrant with Greenville High School at its meeting on Monday night.
Greenville Mayor Dexter McLendon said there was a lot of work that was done through the clerk’s office to get this done.
“We appreciate their help,” McLendon said. “Bottom line, this is like refinancing a house.”
Interest rates were at the right level to warrant the issuance of the bond. The city will pay off the 2005 bond with the 2014 bond. The newest reissued bond will be due on Jan. 1, 2022.
The issuance of the bond issue saved Butler County Schools $333,561.45. These savings can be used on capital improvement, which will go toward the construction of a new roof at the high school.
The city council held a roll call vote and every member voted yes, including McLendon.
“We want to jump for joy,” BCS Superintendent Amy Bryan said at the meeting. “This is going to be a huge project. We so appreciate the city’s partnership with the schools.”
BCS Board President Linda Hamilton said this will go a long ways to help students become “self sufficient citizens.”
“We appreciate what you do for Butler County Schools,” Hamilton said. “We appreciate more that you care about these children.”
Hamilton said the new roof will be installed next summer.
In other business, the council:
• authorized a change of orders for the Mary Drive/Interstate Drive project;
• moved to suspend the rules on issuing an ordinance to convey certain city property on Landfill Road to the Industrial Development Board of the City of Greenville, and then held a roll call vote; and voted to authorize IDB to sell the property to Mid-South Paving, Inc., as a part of an industrial project. The council held a roll call vote for the authorization; and,
• approved expenditures for the Downtown Revitalization Authority ($5,300), Studio 205, Inc. ($9,700), Pinnacle Network ($4,755.40) and Applied Synergy, LLC. ($1,326).
Additionally, the council wants to remind locals that city business licenses for 2015 are due by Feb. 2. All current license holders have been mailed a reminder. Those who haven’t receivd a notice, need to call the city clerk’s office at 382-2647.
All city offices will be closed on Thurs., Dec. 25, in observance for Christmas, and on Thurs., Jan. 1, 2015, for New Year’s Day.
The Thursday garbage routes will run on Friday for both holidays.
The next city council meeting will be held Mon., Jan. 12, 2015, at 5:30 p.m.