Several financial documents have been accepted by Gallatin Board of Aldermen as efforts continued to move toward having a new water plant.
An ordinance was adopted that authorizes $3,900,000 in waterworks and sewerage system revenue bonds. The ordinance states 35-year revenue bonds are with the U-S Department of Agriculture at a low-interest rate of 1.375%.
Another ordinance adopted by Gallatin alderman authorizes a contract with Cedar Rapids Bank and Trust Company for a lease purchase agreement for 20 years in the amounts of $416,000 at 3.55% interest.
Loan resolutions were approved by aldermen, $3,296,000, and the other for $604,000.
Stan Wolfe of USDA presented a rural development grant for $819,490 to be used for the new water plant at Gallatin.
Public Works Director Mark Morey said Gallatin has $19,000 in grant money available through Missouri Public Utility Alliance. He suggested the purchase of a capacitor bank and cards for the reclosers. Morey noted the capacitor would even the flow of electricity for the north end of town. It also would have an automatic on / off switch that will help with seasonal energy demands in that area of Gallatin. Morey noted the capacitor and reclosers will have to be pre-approved by Missouri Public Utility Alliance to qualify for the grant.
Two equipment bids have been approved by the Gallatin Board of Aldermen.
Jackson Lawn Equipment submitted a bid of $6,000 for the V-snow plow to go on a 2007 truck. Sweiger’s submitted a bid of $3,000 for a brush grapple attachment for the skid loader. Funds for the purchases will come from the street departments’ capital equipment budget. There were four bids on the V-snow plow and three bids on the brush grapple attachment.
It was reported city crews have installed tarps and tar on the roof of the cupola building to temporarily help with leaks that may occur over the winter months.
A community organization also is being established.
Regarding a financial review of the city of Gallatin, Administrator Tony Stonecypher led a discussion on employee health insurance options. The council has decided to increase the deductible to $2,000 in order to keep the monthly cost the same as the past year.
Mayor Barb Ballew announced a Halloween event is scheduled October 29 on the Gallatin square. The event will include events such as “Truck or Treat”, a costume contest, and a jack-o-lantern contest. The aldermen agreed to participate in the trunk or treat event by handing out candy. Gallatin Police are expected to hand out candy from their patrol vehicles.