The city of Hannibal won’t be waiting until the last minute to make scheduled bond payments totaling $103,177.
The city of Hannibal won’t be waiting until the last minute to make scheduled bond payments totaling $103,177. During Tuesday night’s City Council meeting Doug Warren, director of finance, was given permission to make the payment early.
Warren told the Council he intended to send the payment by “wire” on Friday, Dec. 27, which would give him a cushion should there be a problem.
Warren noted that in January the city would receive a $19,017 Build America Bond subsidy from the federal government. Warren said the payment, anticipated around Jan. 30, was to have been $20,492 but was reduced due to Congress’ sequestration.
In other business:
• Anita Failor of Wade Stables provided an overview of the city’s audit report.
City finances were “under budget” in 2013 primarily because of a sales tax shortfall. Councilman Mike Dobson praised city administrators for their management of city’s finances through such a trying year revenue-wise. Mayor Pro Tem Kevin Knickerbocker noted how few “comments” the audit included regarding bookkeeping practices that need to be changed.
• A Traffic Committee recommendation was accepted that will see the yellow curb extended 40 feet on Booker Street, from Choteau south. The change is being made to allow fire apparatus and snow plows easier access when turning onto Booker.
Councilman Barry Louderman felt residents would accept the parking change.
“Public safety comes first,” he said.
• The Loafers Car Club was given permission to relocate its annual car show back to North Main Street. Because of last year’s downtown improvement project the Loafers’ event was shifted to Broadway.
The 2014 car show is scheduled May 10.