THE HOPKINSVILLE STORMWATER UTILITY BOARD TOOK NO ACTION TONIGHT REGARDING THE POSSIBLE REFINANCING OF 4.8 MILLION DOLLARS IN BONDS.

            THE BOARD DISCUSSED THE MATTER FOR NEARLY AN HOUR AFTER HEARING A RECOMMENDATION TO GO TO A FIXED RATE BY CITY FINANCIAL OFFICER ROBERT MARTIN.

            THE SHORT TERM IMPLICATIONS WOULD MEAN A HIGHER RATE AND HIGHER PAYMENTS, BUT MARTIN SAID IT WOULD COME WITH LONG-TERM STABILITY AND SECURITY.

            CITY COUNCIL WILL DISCUSS THE SAME POSSIBILITY THURSDAY NIGHT AT THE COMMITTEE OF THE WHOLE MEETING AND BOARD MEMBER AND COUNCILMAN PAUL HENSON SAID HE’D LIKE TO WAIT UNTIL THEN TO DECIDE.

            THE MOVE WOULD BE TIED TO THE CITY HALL, POLICE DEPARTMENT AND HWEA GAS LINE BONDING, WITH COUNCILMAN HENSON SAYING HE WOULD HAVE TO SEE MORE DETAILS ON THOSE PROJECTS BEFORE VOTING IN FAVOR OF THEM.

            HENSON SAID THE ANTICIPATED COST OF THE CITY HALL PROJECT HAS CHANGED NUMEROUS TIMES AND THAT CAUSES CONCERN.

            THE BOARD WILL LIKELY HAVE A SPECIAL SESSION, SHOULD THEY DECIDE TO GO WITH THE FIXED RATE.

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