Welcome sells $2.9M in bonds
WELCOME — Shannon Sweeney of David Drown Associates, public finance advisers, reported to the Welcome City Council this week about the city issuing $2.93 million in bonds needed to finance a major streets project.
Sweeney reported that a credit rating check from Standard & Poor’s gave the city an A+ rating, which means Welcome is stable and should handle the financing of the project.
The council approved a resolution to issue the bonds and accepted a low bid of 2.84 percent from Northland Securities.
Engineer Travis Winter of Bolton & Menk also reported on the project. He said progress is going well, considering the weather.
The improvements involve storm sewer mains, catch basins and manholes; new sanitary sewers to property lines; water mains, hydrants and valves; water service lines; resurfacing of streets; and drainage.
Affected areas include Fourth Street to Campbell, Third Street to Highway 263 and Campbell Street to First Street.
The council discussed proposed action for the alley behind the Legion, as well as issues with the EDA property’s grades.
The council asked about compaction of holes dug and whether they will hold up when fill and paving begins. Winter assured them they should hold.
City employees reported on the locating of water lines and the deterioration of the buildings in the alley downtown. The council approved getting an inspector to help decide about digging or boring in that location.
The matter of vacating Weaver Street, east of Campbell Street, was tabled from the last meeting and discussion about the need for rock and gravel on the street for easier snow removal continued. The council approved not vacating the street, and putting down rock and gravel to upgrade the street.
Cemetery concerns were reported by Dawn Jagodzinske, and city employees will help with the circle mound of dirt with a weed barrier. Flowers may not be done by Memorial Day because of the weather as well as street construction taking up some of the city employees time. Flowers were approved for purchase, and if any gardeners want to donate perennials they may contact the city clerk or Jagodzinske.
City officials report that the cold weather has delayed the hanging of flowers downtown until after Memorial Day.
The next meeting of the council will be 6 p.m. June 4.