St. Albans council gives final approval to water, sewer refinancing
ST. ALBANS, W.Va. --The St. Albans city council voted to take advantage of low interest rates and refinance more than $9 million of bonds to upgrade water and sewer lines.
The move is expected to save the city at least $176,000.
Council also approved an ordinance to purchase an additional $2.2 million of bonds for the same project.
"With the passage of these two ordinances, it will give us a position where we can generate more funds for the current projects," Mayor Dick Callaway said.
"Efficient contractors" finished segments of the project ahead of schedule and saved the city an additional $600,000, according to Callaway.
Council also voted to send a petition to the city's planning and zoning committee to close and abandon a street and alley that runs through the middle of the Washington Street Church of Christ parking lot.
If approved, the street will be turned over to the surrounding property owners. In this case, it would be the church.
Finally, council members approved a motion to give all full-time, part-time and retired city employees a free pass to the city pool. For $25, the pass can be upgraded to include family members. The pool opens Saturday at 11 a.m.