The Ottumwa Courier

Local News

January 30, 2013

Supervisors plan to sell bonds

Sale should help process that covers county projects

OTTUMWA — Bonds, markets, hearings and publications.

And that was just a portion of what the Wapello County Board of Supervisors discussed during Tuesday’s meeting.

Supervisors Steve Siegel, Jerry Parker and Greg Kenning wanted to know more about their bond sale and timeline.

The supervisors contacted Tim Oswald of Piper Jaffray and asked him to attend this week’s meeting.

“The market has changed,” Oswald said, adding that next week’s sale should help the bonding process that covers Wapello County projects such as the improvements to Chillicothe Road and the communications tower for Wapello County’s two-way radio traffic.

Then, two weeks after that, there will be a hearing and a publication announcing what the supervisors plan to do.

Oswald said the bond sale will be March 4, and he believes the paperwork should be done by March 28.

After the meeting, Parker spoke of projects that are being worked on. He said the county has been able to resurface three roads because of funding and bonding that has been available.

The county has completed Rock Bluff Road improvements from the asphalt into Chillicothe. Parker said the road was a project for I-JOBS money in conjunction with the Chillicothe bridge.

“Now the bridge is complete, and we have to do the other part, which is Rock Bluff Road,” he said. “The bond issue will pay for paving that road into Chillicothe. And it’ll pay for three other roads that are hard-surfaced.”

He also noted the roads are farm-to-market roads and the state of Iowa gave them that designation. Years ago, the state did so because the designation meant it was a particular route farmers took to where their market was for selling the grain.

“The bond market is good right now. We will pay less in interest on the bonds than we pay for increased deterioration of the roads over the next three years,” Parker said.

About five years or so ago, the county passed a bond issue to do old Highway 34, which is now 87th Street. Now the county has another issue and can put the two together.

“Doing two at a time reduces bond costs,” Parker said. “Projected interest is so low and if we had waited, we would have to bond for more and these days the roads rot faster.”

Tuesday’s meeting starts the process, which will be completed in March. Even though the supervisors plan to do the bonding and the project, they still must hold a public hearing in February to see if the public objects or not.

1
Text Only
Local News
  • 0724 OTT Tehel mug -T -M Jury begins deliberations DAVENPORT — The fate of a Wapello County man accused of killing his wife is in the hands of a jury in Scott County, which began deliberations Wednesday and will continue deliberating today.The jury began deliberations about 4 p.m. Wednesday in the ca

    July 23, 2014 1 Photo

  • Van Buren says bye-bye to Waste Management KEOSAUQUA — Waste Management has been charging the Van Buren Community School District an average of nearly $1,600 a month to remove waste and recycled materials from the Douds and Keosauqua centers. Now faced with a bidding process, Waste Management

    July 23, 2014

  • Pesticide use is not all bad OTTUMWA — When you pick up a grocery ad, it seems like every other page has a produce item stamped USDA Organic, meaning that those items were spared from chemicals including Glyphosate, the most common pesticide in the world. As the Organic Food Mov

    July 23, 2014

  • 0724 OTT Kitchen Science color photo -L -T Kitchen science sparks curiosity OTTUMWA — A lucky group of children spent Wednesday morning experimenting with kitchen science and creating geysers of foam at the Knights of Columbus hall. The Kitchen Science performance was presented by Waterloo's Grout Museum and is part of the O

    July 23, 2014 2 Photos

  • Prosecution: All evidence points to Techel as killer DAVENPORT — Just as all roads lead to Rome, so all evidence points to a Wapello County man accused of killing his wife, according to the prosecution. Assistant Attorney General Andrew Prosser, who is prosecuting the case for the third time, said defe

    July 23, 2014

  • Making something of themselves OTTUMWA — Community leaders this week heard how Ottumwa's Job Corps started from nothing yet became successful. But they also heard from students who said they were doing nothing until they found success through Job Corps. "After I dropped out of hig

    July 23, 2014

  • New charges filed in abuse case OTTUMWA — A single charge against a man for sexual abuse has been replaced by a new trial information, and authorities are throwing the book at him. Grant Troxel was initially charged in early June with sexual abuse. But the new list of charges indic

    July 23, 2014

  • 0724 OTT car investigation color photo -L Tip led to Tuesday arrest OTTUMWA — There was more to the incident Tuesday in which officers surrounded a car near U.S. Bank in downtown Ottumwa than just a routine traffic stop. Police Chief Tom McAndrew said Jason Tobek, 36, is in custody and faces charges of interference w

    July 23, 2014 1 Photo

  • Eldon man gets five year prison term KEOSAUQUA — An Eldon man was sentenced to five years in prison in Van Buren District Court for his role in an October 2012 altercation in Selma, which escalated into shots being fired into the home or Randall Ritz, 11883 Bridge St., Selma. Donald E.

    July 23, 2014

  • Emergency council meeting Friday OTTUMWA — Ottumwa’s City Council will meet for a second time this week, this time to discuss an emergency problem at the city’s Water Pollution Control Facility. The special meeting will be conducted at 1 p.m. Friday in the council chambers. Earlier

    July 23, 2014

Photo reprints


Obituaries

Facebook