Defiance Local News

 

NAPOLEON COUNCIL REVIEWS INTEREST RATE ON NOTES FOR NEW WATER PLANT PROJECT

 

 

Napoleon Council got a look at the financing that’s spear-heading the new water plant project, during their Monday night meeting.  City finance director Greg Heath was able to secure notes at just a half-percent interest for the engineering and preliminary costs estimated at 2.5 million dollars.   Napoleon Council is hoping the Henry County Regional Water and Sewer District will be able to pick-up that financing for the consortium that is joining together for the water plant project.

 

A first reading was approved on legislation to apply for community development block grant funds.   Another resolution was passed, establishing new rates for rescue service, to match the medicare reimbursement rate; which is under 2%.   Both resolutions were passed by emergency measure.

 

Napoleon Council approved a grant of $6,700, that will pay for the replacement of mobile computers in three city police cruisers.  A 10% local match is required.

 

And specs were finalized for the purchase of a new mini excavator needed in various city departments.  Napoleon Council approved that cost estimated at $80,000, with trade-in of a backhoe.

 

 

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