The Richmond Register

Local News

November 17, 2012

City 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 the 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
  • 8-1 St. Mark door.jpg Arabic letter N painted on church door

    Throughout its history the Roman Catholic Church has been associated with Latin language and lettering, so passersby on West Main Street were surprised Thursday to see a strange symbol emblazoned on the church’s door.
    Some were even more surprised to learn it was an Arabic character.

    August 1, 2014 1 Photo

  • Fire damages Southern Hills building

    A building in the Southern Hills shopping center at the corner of Commercial Drive and Gibson Bay Drive was damaged by a Thursday afternoon fire.
    Contractors had been working to update the vacant building but were probably not the cause of the fire that began in the bathroom, Richmond Fire Chief Buzzy Campbell said after the fire was extinguished.

    August 1, 2014

  • 8-1 demo derby 1.jpg Demolition derby at the county fair

    The emcee, firefighters and paramedics race to help the driver of an over-turned car in Wednesday night’s Madison County Fair demolition derby. The driver was unhurt and the vehicle was quickly righted.

    August 1, 2014 3 Photos

  • 8-1 fair pageants 3.jpg Royalty crowned at Madison County Fair

      

    August 1, 2014 3 Photos

  • 8-1 Bees 2.jpg Bee-ing in the know

    Bee lovers were buzzing around Eastern Kentucky University this week for the Eastern Apicultural Society’s 2014 conference.
    Hobbyists, scientists and apiarists traveled from as far as Canada, France and New Zealand, as well as many states, to spend the week exploring numerous aspects of bees.

    July 31, 2014 8 Photos

  • 8-1 Tanya R. Horn.jpg Store employee charged with taking $10,000

    Tanya R. Horn, 33, of Darlene Court, pilfered $10,196 in cash from Posh Tots on Meridian Way over the course of two years, according to a Richmond Police report.

    July 31, 2014 1 Photo

  • 7-30 Candids 1.jpg Madison County Fair paid admissions total 10,000 by Tuesday

    Approximately 10,000 people had purchased tickets to the Madison County Fair by Tuesday evening, Billy Tudor, fair board president said Wednesday morning.
    The count does not include Sunday’s Family Fun Day, which offered free admission, Tudor said.

    July 31, 2014 10 Photos

  • 7-31 Pageant Toddler Girl Winners.jpg Babies, toddlers crowned at Madison County Fair

      

    July 31, 2014 4 Photos

  • Airport getting $600,000 in federal funds

    On July 14, Gov. Steve Beshear announced the Madison Airport and the Eastern Kentucky University aviation program would be receiving $1.1 million for expanded and improved facilities.
    On Wednesday, U.S. Rep. Andy Barr, R-Sixth District, announced the airport also would benefit from $600,000 in Federal Aviation Administration funds.

    July 31, 2014

  • Veggies going on the grill Saturday

    The Madison County Farmers Market will demonstrate Saturday that fresh garden vegetables can go on the grill as well as in a salad.
    The Madison County Extension Service staff, along with members of the extension homemakers clubs, will be on hand to show market customers how tasty grilled vegetables can be, said Gina Noe, extension agent for family and consumer sciences.

    July 31, 2014

AP Video
Couple Channel Grief Into Soldiers' Retreat WWI Aviation Still Alive at Aerodrome in NY Raw: Rescuers at Taiwan Explosion Scene Raw: Woman Who Faced Death Over Faith in N.H. Clinton Before 9-11: Could Have Killed Bin Laden Netanyahu Vows to Destroy Hamas Tunnels Obama Slams Republicans Over Lawsuit House Leaders Trade Blame for Inaction Malaysian PM: Stop Fighting in Ukraine Cantor Warns of Instability, Terror in Farewell Ravens' Ray Rice: 'I Made a Huge Mistake' Florida Panther Rebound Upsets Ranchers Small Plane Crash in San Diego Parking Lot Busy Franco's Not Afraid of Overexposure Fighting Blocks Access to Ukraine Crash Site Dangerous Bacteria Kills One in Florida Workers Dig for Survivors After India Landslide Texas Scientists Study Ebola Virus Smartphone Powered Paper Plane Debuts at Airshow Southern Accent Reduction Class Cancelled in TN
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