Borrowing

Keokuk Borrowing Millions

Jason Parrott — Mon, 11 Mar 2013 21:59:24 +0000

Keokuk is taking steps to borrow more than $10-million.

Possible New Use for Former FM Library

Jason Parrott — Thu, 28 Feb 2013 05:24:26 +0000

A vacant library in downtown Fort Madison could soon have new life.

Burlington to Borrow Money

Jason Parrott — Fri, 08 Jun 2012 15:29:57 +0000

Burlington will need to take out a very short-term loan to get through the current fiscal year, which ends June 30^th.

The city council has authorized the borrowing of up to $2-million to cover payroll and operations through the end of the month.

City Manager Jim Ferneau says the city will need about $700,000 to cover the final payroll of the year, so he does not anticipate needing to borrow the full amount.

He says it is good to have the authority to do so, though, in case an ongoing capital project runs into trouble.

Des Moines County to Help E-911 Board

Jason Parrott — Thu, 10 May 2012 02:24:51 +0000

Des Moines County is being asked to borrow $450,000 on behalf of the county’s E-911 Board.

Board of Supervisors Chairman Tom Broeker says the agency still owes money to a local bank for some computer equipment purchased years ago.

Broeker says a recent state audit revealed that Des Moines County’s E-911 Board should not be carrying any debt. He says that means the agency cannot renew the loan, which must take place within the next few months.