The Richmond Register

Local News

November 17, 2012

City commission moves to take advantage of low interest rates

RICHMOND — Seeking to take advantage of historically low interest rates, the Richmond City Commission began action Tuesday to finance the purchase of new police cars as well as refinancing an existing bank loan and selling bonds at what it hopes will be a lower rate than some existing bonds.

The commission heard first reading of ordinances that will:

• Authorize borrowing of up to just over $1.21 million from U.S. Bancorp at 1.15 percent interest for five years to purchase police cars

• Authorize borrowing nearly $2.27 million from Fifth Third Bank at 2.39 percent for seven years to refinance infrastructure improvements in the city's industrial park. Although the interest rate is virtually the same as the existing loan, it is set to expire in one year and the new loan will lock in the low rate.

• Authorize the selling in over $2.3 million in municipal bonds to replace existing bonds which had been sold when rates were higher. The bond sale may take place after the ordinance is passed second reading.

The commission also agreed to pay up to $8,750 to Alpha Environmental Contracting for the removal of asbestos from seven homes scheduled to be demolished as part of Tipton Court Community Development project.

In personnel actions, the commission:

• Hired Rachel Kathleen Bauer as a police officer at $16.41 an hour. Her employment will begin in January when she will begin 18 weeks of training with the state Department of Criminal Justice Training. If she joins the force and no other officers leave, the department will have 58 officers, two short of its budgeted strength, according to Chief Larry Brock's recommendation to hire Bauer.

• Hired David F. Mauck as storm-water enforcement officer in the Planning Department at $13.46 at hour

• Hired Elmer L. Cody as a Public Works Department laborer at $8.25 an hour

• Hired Lisa Marcum as a full-time secretary for the Section 8 Housing Department at $8 an hour

• Transferred Bonnie Eckler and Althea Causey from the finance to the human resources department

• Contracted Rose Rex to be the city's Main Street coordinator at $1,000 a month

• Accepted the resignation of Aaron Owens from the Public Works Department. He has been hired by Richmond Utilities.

During t he commissioners' comment time, Commissioner Robert Blythe expressed reservations about the longevity raises recently granted to employees in the federally funded Section 8 housing program run by the city. The city had done away with  longevity raises for its employees, he noted. The Section 8 program also had given its employees “substantial raises every budget year,” Blythe said, while other city employees had gone several years without raises of any kind.”

Mayor Jim Barnes said Section 8 employees' pay is set by the federal government, which provides all of the program's funding. And, if the city moved to limit the employees' pay, the federal government would reduce Section 8 funding in Richmond.

Barnes said he shared Blythe's reservations, but the city's hands were tied in the matter. Commissioner Donna Baird said she concurred with Blythe and Barnes' sentiments.

1
Text Only
Local News
  • Berea utility doubles solar farm, again

    Berea Municipal Utilities started its solar farm in October 2011 with 60 panels. In less that five days, all were leased.
    Another 60, which became operational in June 2012, were leased in less than four months.
    Now, the farm again has doubled, with the addition of 126 panels that are ready for leasing, said Steve Boyce, a retired Berea College professor who has been involved with the program since its inception.

    July 30, 2014

  • Miss Madison Winners 2.jpg My fair ladies

      

    July 29, 2014 5 Photos

  • 10th Quilt Extravaganza is Friday, Saturday

    Displays of quilts by men, baby quilts, the Grandmother’s Flower Garden pattern, an exhibit of feed sack fabric, ongoing demonstrations, and a vendors market are features of the 10th Berea Quilt Extravaganza Friday and Saturday at Berea Community School off Ellipse Street.

    July 29, 2014

  • 7-30 Samantha Frederick.jpg RPD: Heroin sales lead to trafficking indictment

    Executing a warrant issued after Samantha Frederick, 29, Northgate Drive, was indicted July 16 by a Madison County grand jury, Richmond Police arrested her Monday on drug trafficking charges.

    July 29, 2014 1 Photo

  • 7-29 YMCA-Schools.jpg YMCA, county district to provide after-school care

    The Telford YMCA is partnering with the Madison County School District to provide after-school child care for kindergarten and elementary students.
    YMCA Executive Director Dave Wallace and Madison County School Superintendent Elmer Thomas announced the partnership Monday afternoon.

    July 29, 2014 1 Photo

  • 7-29 Lucille May 1.jpg Memories bloom in May’s garden

    After realizing a story was being written about 96-year-old Lucille May, tenants of Willis Manor gathered in the lobby to share stories about her.
    Affectionately called “Mamaw” by other residents and workers at the apartment building, May has spent the four years of her residence transforming an outdoor garden that was overtaken by weeds. It’s now a thriving flowerbed, complete with interesting rocks, decorations and conversation.

    July 29, 2014 4 Photos

  • 7-29 Construction 1.jpg Water Street storm-water digging begins

    Caisson holes were drilled and then filled with concrete and steel poles Monday to create a retaining structure to shore up the Allstate Insurance building foundations' firm when excavation for the Water Street Stormwater Improvement Project begins.
    Digging for 20 ton, 6 by 7 foot concrete box culverts will begin today, if weather permits, said Jason Hart, Richmond’s director of Planning and Zoning. The culverts will help reduce the likelihood of flooding on Water Street by carrying storm water under Main Street, the CVS parking lot and Irvine Street to a stream, he said.

    July 28, 2014 4 Photos

  • 7-29 Robert Abney.jpg RPD: Bottle bomb injures man, damages neighbor’s home

    Richmond Police on Friday charged Robert Abney, 30, of Moberly Avenue, in connection with a May 30 explosion that injured Abney and damaged a neighbor’s home.
    Officers were dispatched May 30 to a residence in the 500 block of Moberly Avenue to investigate the report of an explosion.
    They found the remains of a plastic bottle bomb near a residence adjoining Moberly’s, according to an RPD news release. A wall of the occupied home was smoldering and grass was burned in the area, it added.

    July 28, 2014 4 Photos

  • 7-29 Steven Coffey.jpg Two led police on I-75 chase from Berea

    Berea Police found a man passed out and intoxicated inside his crashed vehicle on Interstate 75 Wednesday, according to a police report.
    Steven Coffey, 34, of Berea, had slurred speech and was unsteady on his feet when officers arrived at the vehicle, the police report stated. They determined he was under the influence of drugs, the report stated.

    July 28, 2014 2 Photos

  • 7-27 HeartChase 1.jpg A race to the finish line

    Sheltered by overcast sky and supported by a cool breeze, teams competed Saturday morning in the second annual HeartChase at Richmond Centre.

    July 26, 2014 6 Photos

AP Video
Raw: Japanese Soldiers Storm Beach in Exercises Raw: Weapons Fire Hits UN School in Gaza Raw: Rocket Launches Into Space With Cargo Ship Broken Water Main Floods UCLA Two Women Narrowly Avoid Being Hit by Train In Virginia, the Rise of a New Space Coast New Sanctions on Key Sectors of Russian Economy Crayola Announces Family Attraction in Orlando US Ready to Slap New Sanctions on Russia Kerry: Not Worried About Israeli Criticism Boater Rescued From Edge of Kentucky Dam Girl Struck by Plane on Florida Beach Dies Rodents Rampant in Gardens Around Louvre House to Vote on Slimmed-down Bill for Border Looming Demand Could Undercut Flight Safety Raw: 2 Shells Hit Fuel Tank at Gaza Power Plant Raw: Massive Explosions From Airstrikes in Gaza Giant Ketchup Bottle Water Tower Up for Sale Easier Nuclear Construction Promises Fall Short Kerry: Humanitarian Cease-fire Efforts Continue
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Poll

Should Madison County’s three local governing bodies ban smoking in indoor public places?

Yes
No
     View Results