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City Council votes to refinance bond

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By Linda Ireland

 Hodgenville City Council voted to refinance a bond through Kentucky Rural Water Finance Corporation that will save the City about $12,000 on the life of a loan.

Hodgenville Mayor Terry Cruse told the Council Dec. 10 that $1.249 million was borrowed in 2004 through an amended assistance agreement.

The bond has been paid down to about $750,000, according to City Clerk MaDonna Hornback.

In other business:

• City Council held second reading of an amendment to the Planning and Zoning ordinance.

The ordinance will help control drainage and erosion of newly developed areas. Before a land division or plat for a commercial development is approved, PZ will have an independent engineer review the plans. The cost of the review will be added to other fees. City Council will sign off on the plat before final approval.

• Hodgenville Fire Chief Wally Sparks reported responses to two fire alarms, one car fire and three lift assists. He said firefighters attended an elevator-extrication class at Hodgenville City Hall. He added there are six elevators within city limits.

•Hornback presented the treasurer’s report for July through September. The Council approved the report.

• Mayor Cruse said bids were opened for the stormwater project. Basham Construction of Fairdale had low bid of $347,000. Instraform Construction of Chesterfield, Mo., had low bid of $610,000 for sewer rehab.

An engineer is looking over the bids and a preconstruction meeting is planned for February.

• Cruse said the remainder of the playground equipment has arrived for Creekfront Park. It will be installed as weather permits.