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Plymouth, Indiana
Thursday, March 18, 2010
 
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March 2010
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City urged to use caution selling bonds E-mail
Tuesday, 14 October 2008
By Carol Anders Staff Writer
PLYMOUTH — Various Plymouth city boards considered a number of items during meetings held on Monday night.
The city of Plymouth had intended to sell Sewer Works Revenue bonds Wednesday, but the market may be a factor in when the bonds are actually sold.
During the Sanitary Board meeting Monday night, City Attorney Nelson Chipman explained that John Julian (H.J. Umbaugh & Associates) has advised the city “to use caution with the volatility of the market to sell bonds on Wednesday.”
Two construction projects at the Sewage Treatment Plant have precipitated the bond sale. The plan includes phase two of the Long Term Control Plan. They also plan to expand the office area in the building.
Chipman explained that a 24-hour notice is necessary for the sale of bonds. Chipman said, “It is more likely that the sale of the bonds will take place next week.”
The delay could save the city money, according to Chipman.
He said, “With the expected interest rates to be at an all-year high, the agreement has provisions for taking advantage of lower interest rates in the future, saving the city thousand of dollars.”
In other news:
• Although Chipman did not expand upon two ordinances on first reading during the meeting, more information was provided after the meeting. The following is included in the statement of intent and purpose for a proposed ordinance to amend the rates for the Plymouth Community Ambulance Service:
“Over six and a half years ago, ambulance rates were increased pursuant to Ordinance 2002-1807. Al-though it was stated then that the council would review ambulance rates every two years to allow changes regarding fees, the rates have remained the same since 2002.
“In consultation with our ambulance billing provider, it is apparent that our ambulance rates are far below the norm for emergency medical services provided to communities throughout our area. Accordingly, an increase in ambulance rates is warranted.”
• A second proposed ordinance concerns requiring the installation of smoke detectors in all dwelling units within the city of Plymouth.
According to Fire Chief Andy Metsker, there are new state laws concerning smoke detectors.
He said, “I felt there was a need to upgrade the city’s ordinance.”
• City Engineer Rick Gaul told the Public Works Board that Phend & Brown has scheduled asphalt work for city street projects. He said the work should be completed by Friday, Oct. 24.
Work yet this week will begin on Bayless Street.
Next week, the company plans to work on Michigan Street, Oak Road and Jim Neu Drive.
Gaul called the schedule “aggressive.”
Keith Hammonds, city building commissioner, presented his third quarter report to the board. Hammonds’ report indicates that 90 permits were issued with an estimated cost of construction of $6,754,458. Permit fees totaled $10,775.
Last Updated ( Wednesday, 15 October 2008 )
 
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