Bloomfield City Council approves saving money on bonding issue

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By Dennis George

The City of Bloomfield will save over $94,000 over the next 24 years after the city council passed a resolution on Monday that would allow Mayor Rhonda Hagan to refinance bonds on a water and sewer loan.


The city currently owes $990,000 on the bonds that were issued in 2001.

The agreement is with the Kentucky Rural Water Corporation and the bonds will be sold by Raymond James and Associates.

City officials were unsure of the current rate or the rate they will be paying once the agreement is signed. However, Councilman Denny Howard explained that other bonds could not be refinanced because there was not enough disparity in the old rates and current rates.

Howard and public works superintendent Ricky Jewell have been working on the refinancing agreement for several months.

“This is something we should have done a few years ago, but we were finally able to get to the right person,” Jewell said.

Also at Monday’s meeting:

Workers get on-call raise

Jewell also asked the council for a $1 an hour increase for him and Scott Thompson when they are on call during the week.

“Right now we get 81 cents an hour when we have to be on call, and I know there are a lot of towns that pay quite a bit more,” he told the council. “We can’t leave town when we are on call.”

The council voted to increase the rate to $1.81 per hour. There is money in the budget to cover the added expense.

Jewell also reported that work continues on upgrades to the city sewer system.

“We have been able to fix quite a few problems,” he said. “But when we find one, it is putting pressure on the lines downstream and we’re finding another one.”

Hagan told the council that she is receiving calls from residents who are complaining that their yards have not been repaired from the work.

“We want everyone to know that Ricky and Scott will be back to finish that part of the job, but they can’t do it until the ground settles and it is dry.”

Audit healthy, pension obligation could increase

Gilbert Brown of Brown and Company presented the council with the city audit report for fiscal year 2015-2016.

“You guys are doing a great job, he said. “As part of the audit, we check for your internal controls and also check to make sure you are in compliance with state regulations. You’re doing fine on both of them.”

Brown asked the council to be aware of the city’s portion of the state’s unfunded pension liability when they prepare their next budget.

“You’re doing what you are supposed to be doing, and contributing what you should be, but if the state decides to make the pension fund whole, your portion would be $387,556.

“I don’t think this is going to happen but I want to make you aware of it.”

Red Cross needs volunteer

Fred Hagan, who has been speaking to government entities on behalf of the American Red Cross, was in Bloomfield to ask the council for assistance in recruiting persons for the Disaster Assistance Team.

“We currently don’t have anyone in this area,” he said. “If there is a fire, someone has to come from Bardstown or even farther away. Sometimes it can take hours but the families need help right away.

“You are leaders in your community,” he said. “You belong to groups and organizations and I hope you will talk to people.”

Farmers market opens in April, potluck upcoming

Councilwoman Laura Barnett announced the Bloomfield Farmers Market will be open every Tuesday (3-6 pm) and Saturday (9am -1 pm) from April 29 through October 21.

There will also be a community potluck dinner on February 23 at the Bloomfield Branch of the Public Library for market vendors. It will begin at 6pm.