+ $236,354 was made available for improving Collinsville's electrical system
in two transactions approved by the CMA and commission Monday.
will be generated by refinancing of two existing bonds (originally at close
to 6% in ~1999) at a new rate of 4.49% by Bank of America on August 3rd, 2006.
A second bid of 4.529% by Bank of Oklahoma was also received. The three local
banks received bid packages but did not bid on the new 13 year fixed transaction.
The city's monthly payments on principal and interest remains about the same
and the 2019 maturity date also remains the same.
will come to the city to pay for running new electrical lines to Victory Energy
(& other future businesses at the industrial park south of town). The
first $100,000 is from a Dept. of Commerce grant based on potential future
jobs created by the improvement. The remaining $136,354 comes from a zero
percent loan. The lines will run approximately 12,000 feet and mainly follow
the rail way.
were approved to the city's personnel manual. Those changes included: changing
the new employee probation period from 180 days down to 90 days; vacation
accural to monthly instead of up front; dress code; and discounts on cemetery
plots for employees. The drug and alcohol policy is still being revised to
simply and clarify the previous patchwork policy.
authority also approved a new contract with the Oklahoma Department of Corrections
to continue the city's use of inmate labor.
city commission agenda, Commissioner Pam Porter requested the proposed changes
to the ward boundaries be tabled pending further study. City Manager Pam Polk
indicated the boundary changes were intended to equalize the number of voters
in each of the wards.
a brief executive session the commissioners approved the firefighter's union
Brad Overholt was absent.
In her report
City Manager Pam Polk reported on the following topics:
* July 27 5:30pm Comprehensive Plan Meeting
* Ads for a new city clerk/treasurer are running. Other city staff members
are taking on extra duties to cover the position in the meantime.
* The number of housing starts in early 2006 are up over last year's numbers
(45 starts in Jan-May).
* A $25K tree grant has been applied for to supplement the TEA-21 project
which is facing price increases since approval.
-- Ted Wright
-- Monday July 17, 2006
City Commission met Monday,
July 17th at 7pm (at the City Hall
Community Room, 106 N 12th Street) for regular meeting of the City
Commission and Municipal Authority.
with the city clerk position vacant ... I didn't get my normal digital copy
of the agenda. The official copy of the agenda is posted outside city hall
... and I will just sumarize below. A photo of the agenda supplement is shown
Collinsville Municipal Authority (Agenda): =====
* City Manager's report
* City Attorney's report
* Refunding the authorities exiting revenue bonds
Collinsville City Commission (Agenda): =====
* Potential changes to city council ward boundaries
* Discussion of firefighters contract negotiations (in executive session)