Street repairs were again on the front burner for Mound City Aldermen last week.
The council held a public hearing on a proposal to finance a $500,000 street repair project with general obligation bonds. Mayor Larry Russell told the council that approval of the bond issue would require the approval of 58-percent of voters. If the issue does not pass, he said the city could still proceed with the proposed street project, but would have to finance it with a lease – which would cost the city more than a bond.
The savings with a bond versus a lease come from the required 10-percent reserve required with a lease, a one-half of one-percent savings on the interest rate, and about $15,000 savings for underwriting costs.
Curt McCall spoke during the hearing, on the condition of Nebraska Street. McCall, who owns MC Auto and Truck Repair, said he was disappointed that Nebraska Street was not included in the street overlay project. He said he feels Nebraska Street is in the worst condition of any street in town, citing among other reasons that water pools in the area and restricts access to his driveways.
In other business, Aldermen reviewed two bids received for electrical improvements at the swimming pool – and opted to go with the higher of the two bids.
KPN Electric submitted a bid of $11,842 and Pinnacle Electric’s bid was $16,211. Charlie Cook of KPN explained that his bid was a value engineered, bare bones, bid without a main disconnect included. John Dougherty of Pinnacle said his bid included a main disconnect as well as professionally engineered drawings and specifications. Aldermen voted 2-1 to accept the bid from Pinnacle Engineering. Alderwoman Kristine Gibson offered a motion to accept the KPN bid, but that died for lack of a second.
Aldermen also agreed to a three-year contract with Tyler Costello to mow the city parks, at a cost of $5,425 per year. That is the same cost as last year. The also accepted the bid of $3,510 from Greg Hall to clean the small lime pit at the water plant, and the bid price of $4,935 from Independent Sales and Service to replace six-inch valves at the water plant.
City Clerk Patsy Smith informed the council that the city had received just under $7,000 from FEMA as payment of 75-percent of the city’s costs of the emergency sandbagging efforts last summer.
The council scheduled Mound City’s Spring Clean-up Day for Sunday, April 29th, from 1:00 to 3:00 p.m., at the pool parking lot.
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