Supervisors approve plan saving county $200,000 By John Speer Central Iowa Press email@example.com
A financing procedure which will lower the average bond issue interest rate to 1.82 percent over the next 12 years was approved in a resolution by the Tama County Board of Supervisors on a 3-0 vote during a special meeting on Friday afternoon, April 24. The bond refunding process is being used to combine the bonds issued in 2013 for primarily for an extensive county road project and new bonding necessary to pay for a new emergency and law enforcement radio system which has a top cost of $6.7 million. Voting in favor were 1st District Supervisor Larry Vest, 2d District Supervisor Kendall Jordan and 3rd District Supervisor Dan Anderson. The board met in an internet Zoom meeting due to ongoing COVID-19 restrictions and concerns. Led by Northland Securities representative Heidi Kuhl, the target savings of $200,000 sought through the refinancing arrangement was actually exceeded. She said the county savings will be $201,247 which Supervisor Chair Anderson termed “excellent” work by Kuhl. Additional procedures are to complete the deal will take place in May and June, Kuhl said. The new radio system consisting of towers and radios is in the process of being put into service under a contract with RACOM, a Marshalltown communications equipment company..