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.
Sale should help process that covers county projects
Bonds, markets, hearings and publications.
- Local News
- A sweet history lesson OTTUMWA — In one of the most popular monthly presentations the Wapello County Historical Society has ever hosted, it was standing-room only to hear the history of Graham Milk and Ice Cream Company and try some of the popular product. A landmark in Ot
- Ready, set, shop! OTTUMWA — Iowa's government says businesses must participate in the Tax-Free Weekend this Friday and Saturday. Store manager Greg Martin isn't complaining. "It’ll be much busier [than typical weekends]. Back to school is the second busiest season nex
- Supporting the health care future of the community OTTUMWA — For several area college students, Thursday afternoon was a chance to put names and faces with the thousands of scholarship dollars they have just received. The Ottumwa Regional Legacy Foundation hosted a reception to honor the 25 college s
- Ottumwa's DMV station ready to move OTTUMWA — If you believe you'll need to visit the driver's license station next month, you may want to write this down: 2849 N. Court St., Suite B. That'll be the new address for the Iowa DMV's office, which is currently located across from the Fairf
- Five things to do in southeast Iowa OTTUMWA — Celebrate summer in a variety of ways and in several communities this weekend. Many towns are holding festivals, shows and events all centered around the summer theme, so head out while it's warm. 1. "Summer Shorts" is the Davis County Play
- Flying free OTTUMWA — The financial obstacle may have been removed if your career goal starts with learning to fly. "We have it set up for three terms, about nine months," said pilot and chief flight instructor Darren Graham at Indian Hills Community College. "
- Supervisors discuss pipeline potential KEOSAUQUA — Van Buren County Supervisors received preliminary, general information on a new pipeline being proposed to carry oil from North Dakota through Iowa, including Van Buren County, then crossing into Illinois. The proposed Bakken Pipeline wou
- Fairfield stabbing suspects' trials separated FAIRFIELD — The three people accused of dragging a man into a Fairfield apartment before robbing and stabbing him have had a judge grant their requests to separate their trials. Dawn Dunn, Dustin Roll and Brett Hedblade are each charged with willful
- Local business donates grain rescue tube KEOSAUQUA — Stockport Elevator, owned by Roquette America, donated a grain rescue tube to Birmingham and Stockport Fire Departments. A training session was conducted Monday, led by Dale Ekdahl, a representative of Outstate Data, LLC, the device’s man
- Where do my taxes go? OTTUMWA — Wapello County Board certified its tax levy. But what does that mean? Based on budgets submitted by various levying authors, the Wapello County Auditor prepares and certifies the levy rates for the county. Budgets for each levy are based on
- More Local News Headlines