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Posted: Monday, 16 June 2014 10:42PM

City Council hears quarterly report from Fire Chief, to refinance bond, saving 300k



Leitchfield Fire Chief Jerry Schlosser issued the department’s First Quarter Report to the City Council on Monday night.

Schlosser reported that the Fire Department currently has 36 active members, 12 probationary members and one firefighter on leave. Schlosser also reported that firefighters responded to 94 incidents between January 1 and March 31, using a total of 2,113 man-hours.

Additionally, Schlosser reported 333 man-hours of training involving the Leitchfield Fire Department.

Christian Juckett, an attorney with the law firm Rubin & Hays, reported to the City Council that the city would save between $12,000.00 and $13,000.00 per year by refinancing a 1995 bond due to a drop in interest rates.

Chip Sutherland, Vice President and Public Finance Banker with Hilliard Lyons in Louisville, told the council that the bond was originally financed at 4.5 percent, but today the bond can be refinanced at 3.5 percent, a savings of nearly $300,000.00 over the life of the bond.

The bond's maturity date is in 2036.

The council unanimously passed the motion to refinance the bond.

Leitchfield Tourism Director Ilsa Johnson reported to the council that on Friday, June 27 from 5:00 until 8:00, city employees and their families will serve as the first patrons of the new Leitchfield Aquatic Center.

The “dress rehearsal” will help Aquatic Center employees prepare for the public opening of the center. Attendance will be free for participating city employees (and families), but there will be a charge for concessions as Aquatic Center employees learn how to operate the cash registers.

Johnson also reported that several pavilion rentals have already been made, and around 20 season passes have been sold.

There will be a ribbon cutting ceremony at the Aquatic Center on Saturday, June 28 at 10:00 a.m., with the pool officially opening to the public at 10:30.

The City Council also approved the 2014-2015 city budget, which shows a $9,984.00 positive balance, and after hearing the second reading of the Vacant Property Ordinance, agreed to pass the proposal.
 

Filed Under :  
Locations : Louisville
People : Chip SutherlandChristian JuckettIlsa JohnsonJerry Schlosser
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