The City Council of Webster City on Monday cleared the way for sale of bonds to fund two projects, one concerning road repairs, the other an HVAC system at City Hall.
Continuing the long-term work of rebuilding the electric power generation and distribution grid in Webster City, it also approved a public hearing for what are termed “minor materials” for new 31.2Kv distribution lines. Details of these, and other projects, follow below.
A resolution was adopted authorizing sale and issuance of general obligation bonds in the amount of $2.445 million to fund two separate projects. The first, costing an estimated $1.9 million, provides funds to build street, water, sanitary sewer, sidewalks, storm water drainage, street lighting, street signs and traffic signals across the city. The second will replace the HVAC system at city hall at an estimated cost of $655,000.
Both measures have been previously approved by the Council; Monday’s action sets up the actual sale of bonds. The bonds will be dated October 2, 2024, and issued in $5,000 denominations. UMB Financial Corporation has been named the paying agent, registrar and transfer agent. UMB is headquartered in Kansas City, Missouri, and has branch offices in eight states.
A public hearing will be held October 21 at City Hall at 6:05 p.m. to determine if a further $108,000 will be spent for “minor materials” for the phase one electrical distribution improvements project. The money will pay for cable fittings, pedestals, power cables, connectors, and other related materials for the 13.2 Kv distribution system, medium-range power-lines supplying electricity to businesses and homes.
City staff advised the Council the 2024 Hot Melt Asphalt paving project is complete and ready to close out. In this project, the 600 block of Elm Street and 500 block of Webster Street were repaved with an asphalt overlay. A change order, approved by the Council, reduces the value of the work by $38,108.
The City of Webster City is a member of the Heart of Iowa Regional Housing Trust Fund. Established in 2018, the fund provides financial aid to low-income homeowners needing help paying for critical repairs to their homes. The most common repairs include work on windows, roofing, insulation, furnaces, foundations or siding.
City Development Director Ariel Bertran explained “there are income requirements to use these funds. Homeowners may apply for up to $15,000 and it will be forgiven over five years, providing they remain in their home. Only owner-occupied homes qualify for these funds; rental properties do not.” Applications are available at City Hall.
In other action, the Council:
— Approved a request from the Webster City High School Honor Society for the Homecoming Parade. Entrants will begin lining up on Seneca Street opposite West Twin Park at 1: 30 p.m. on Friday, October 11. The parade will start at 2:30, proceed north on Seneca Street to Second Street, turn west on Second Street to Des Moines Street, turn south on Des Moines to Webster City Middle School where it will end.
— Approved a request from St. Thomas Aquinas Catholic Church to close Des Moines Street from Bank to Water to hold its annual car show from 11 a.m. to 3 p.m. Saturday, October 12. Proceeds from the show will benefit students hoping to attend the National Catholic Youth Conference in November in Long Beach, California.
— Approved Class C liquor and outdoor service licenses for three Webster City businesses: Carpy’s Biker Bar, C.&C’s American Tap, and American Legion Post No. 191.
View this article as it originally appeared in the Daily Freeman-Journal.
Last modified: September 17, 2024