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Council advances $2 million highway loan ordinance; special meeting adopts bond ordinance after second hearing
Summary
An ordinance authorizing a $2,000,000 loan for a highway capital project (7—year term) was introduced Oct. 7; the council waived the second reading and voted with Councilmember Keeley Stingel abstaining. A special meeting Oct. 14 adopted a related ordinance authorizing bond issuance; Stingel again recorded an abstention.
At the Oct. 7 Washington County Council meeting an ordinance was introduced to authorize a $2,000,000 loan for a highway department capital project. The transcript states the loan would run for a "7-10 year term," be secured by a $2,000,000 bond deposit at the bank, and be repaid from CEDIT monies. Councilmember Rondale Brishaber moved to waive the second reading and proceed to a vote; Councilmember Preston Shell seconded the motion. The motion passed with Councilmember Keeley Stingel abstaining. Council President Mark Abbott stated that without unanimous consent a special meeting would be required for the second reading and scheduled that meeting for Oct. 14, 2024 at 9 a.m.
The council reconvened in a special meeting Oct. 14 for the second hearing on an ordinance authorizing the issuance of general revenue bonds, including notes in anticipation of bonds, to provide funding for a county capital project. Councilmember Preston Shell moved to adopt the ordinance; Councilmember Rondale Brishaber seconded the motion and the motion passed with Councilmember Keeley Stingel abstaining, according to the meeting record. The transcript does not list an ordinance number or the final loan terms beyond the summary provided at the Oct. 7 introduction.
