NILES — Metropolis council authorized the refinancing of a 2011 bond at its assembly Wednesday that may allow town to borrow an extra $1 million to buy tools.
Niles metropolis auditor Giovanne Merlo mentioned town borrowed $7.5 million for initiatives, and there may be $four.74 million left that’s being refinanced.
“We’ve been paying on (the $7.5 million) since 2011 and primarily based on the rates of interest that now we have at the moment, we’re capable of refinance that right into a decrease rate of interest,” Merlo mentioned.
By refinancing, the rate of interest will drop to 1.49 p.c, enabling town to borrow one other $1 million that shall be used to buy a firetruck, a avenue sweeper and a hoe ram, all of which was voted on and handed by council.
Mayor Steve Mientkiewicz mentioned the alternative wants stem from the age of the present tools, amongst different issues.
“All the present tools have run its course and reached its most lifespan. We do have mechanical points with them,” Mientkiewicz mentioned. “These three items of kit undoubtedly have to be changed.”
Additionally on the assembly, Mientkiewicz mentioned extra security measures shall be put in place to assist hold guests to town constructing secure. In the mean time, the constructing is open to the general public however solely by way of the west entrance. Upon coming into the constructing, hand sanitizer, masks and disenfectant wipes can be found for the general public to make use of.
“In a pair weeks we could have temperature checks and masks scanners as nicely,” Mientkiewicz mentioned.
With the surge in constructive COVID-19 assessments, the residents are involved about what the contingency plan is for trick or deal with this yr, mentioned councilman at-Giant Ryan McNaughton.
Mientkiewicz mentioned the unique trick or deal with continues to be taking place with the rules supplied by the Ohio Division of Well being and the county’s well being division. Except one thing is claimed by the governor, the plan stays the identical. Ought to the ruling come down that there’s to be no trick or deal with, town will then observe tips set forth by the county well being division.
“Finally, if folks don’t really feel comfy by all means don’t take part … nobody has to,” Mientkiewicz mentioned in the course of the assembly.
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