Edison Village Council members thank voters for levy passage
By Alberta Stojkovic -
At Their Nov. 12 meeting, Edison Village council members thanked voters for the passage of two levies on Election Day. A third levy will be recounted because of the close vote. The two levies that passed were the fire replacement levy and the street levy renewal. The third levy for street lights was within just two votes of passing and at the time of the meeting had not yet been recounted.
There was some discussion about why the street light levy was so close when the other levies passed. It was generally agreed that better publicity on the purpose of that levy is needed. The wording on the ballot was for “current expenses”, but the purpose was for street lighting. It was agreed that when the levy is on the ballot next time the purpose should be explained better to voters.
Council then went to the business of the municipal building roof repair. Over the past six months the council has been considering how best to finance the cost of the repair of the village office building that houses the mayor’s office, clerk-treasurer’s office and council chambers. Since paying a lump sum of almost $5,000 would drain the operating account and bind other accounts, the council asked members of the Finance Committee to look into the possibility of a bank loan.
Before the vote to secure a loan, Ed Kline of First Knox National Bank in Mount Gilead explained how the bank would work with the village to do a bond issue. The bond issuance is a type of loan for the amount of $4,896.00 to repair the roof on the Edison Municipal Building. Payment of the loan would be in the amount of $91.31 per month at a 4.5 fixed interest rate for five years. There would be no penalty for early payment.
The council then passed Ordinance 2012–13 “authorizing the issuance of $4,896.00 of bonds for the purpose of paying part of the cost of making repairs to the roof and underlayment on the Mayor’s office and council chambers and declaring an emergency.”
Payment of the loan will be from the water/sewer, street department and operating funds. The committee to secure the loan from First Knox included Mayor Sandy Ackerman, Council member Patti Feustal and Clerk/treasurer Roseanne Denty. Mayor Ackerman thanked Kline for working with the village to make the repair of the roof and building less of a financial burden for the village.
Kline added that the bank is not charging a loan fee to the village. He said the bond fee of $250 by the firm of Peck, Shaffer and Williams of Columbus is very reasonable.
Kline also suggested having a mechanics lean contract written by the village attorney. The purpose of this would be so that the materials would be paid for the Edison work and not go to some other purpose of the builder. Mayor Ackerman said that the present contract with Beechy Builders state that materials are to be brought to the village before the payment is made. She will work with Attorney Denise Martin to make sure all contracts are in order.
Street Commissioner, Jerry Reeder had two purchase orders approved by council. They approved $300.00 for stone for street berms and $200.00 for hand tools.
Reeder stated that the street paving project was not finished correctly. He asked the council to hold 10% of payment until the street project was finished right as he had pointed out to the contractor. He said an area by the manhole covers are a problem and there are also several other details that weren’t done correctly.
Mayor Ackerman said that this was an OPWC (Ohio Public Works Commission) project and they should be able to hold the 10% until the project is done right.
Reeder said they will begin working on the village utility building this month. They would like to have the building up by December. He said the street crew can do the prep work for the stone foundations. They found that the property for the building has the remains of an old blacksmith shop where the footer/foundation was.
Clerk-Treasurer Denty reported collections from Mayor’s court of $1,670. Council approved her Purchase Order for $186.52 for Ruth Ann Crabaugh’s work in reconciling the accounting system.
The next Edison Village Council meeting will be Mon. Nov. 26 at 7 p.m. in the village building.