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City reports bond proceeds for 3rd Avenue, tool‑library grant, surplus sale and a rise in work‑comp mod
Summary
City staff reported the city received $1,420,000 in bond proceeds for the 3rd Avenue/Hayes project, $23,830.12 for the tool library, sold an old fire truck for $22,500, received a $20,425 IAMU safety dividend, and reported the workers' compensation experience mod will increase from 0.92 to 1.52.
During reports at the Jan. 12 meeting, city administrative staff provided several finance and operations updates.
Diana (administrative staff) told the council that payroll went live on the new system with successful results and auditors will finalize the audit report for the next meeting. She said the…
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