Council Discusses Capital Improvement Fund

| March 12, 2013
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The Chillicothe City Council had a full agenda Monday night.  Click to hear KMZU’s Kristie Cross talk to City Administrator Ike Holland:

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A capital improvement hearing began approximately 15 minutes after regular session got underway.  During that time, there was discussion of the old prison property that is anticipated to draw $250,000 from the fund this year.  Holland told the council there has been recent activity that may impact the project.  “I would just say that the model the Fauch Brothers put together to make the financing of that project is subject to change, “said Holland, “I don’t want to speculate, but I did want to inform the council that, if that does change, it would change the dynamics of the financing which could harm the project.  It’s not a certainty at this time, so I don’t want to say more than that.”

With $396,000 budgeted for Chilli Bay this year, the projected ending balance for the capital improvement fund in 2014 is slightly more than $847,000.

Ann Hamilton appeared before the council for a report regarding an application for a demolition grant. The decision was made to focus on a targeted area when choosing structures to place on the list.  “The grant provides a subsidy to the city to help with the demolition of the houses, “said Holland, “At the same time, it gives an incentive  to have their houses demolished.  We definitely want to continue with this program.  To be honest, I don’t remember if the target area is a change from the previous years.  I can’t remember the exact terms, but I think we may have targeted the whole city.  Unfortunately, the past two years we haven’t won the award.”

The city currently has $38,839 in a fund designated for demolition work. The grant application must be submitted by the 15th of May.

In other business, council approved a contract between the city and the Greater Area Visitors Bureau and followed the recommendation of the Mayor to appoint John Cole to the Planning and Zoning Board.

Ordinances were also approved for fuel with MFA, concrete for the sidewalk program with Missouri Mobile Concrete, and mowing services with Schneiter’s Lawn & Snow Service.

Category: Local News, News