|Commissioners’ Journal April 3, 2013|
|Wednesday, April 10, 2013 5:41 PM|
This 3rd day of April, 2013, the Board of County Commissioners met in regular session with the following members present: Fred Pieper, Tony Zartman, Roy Klopfenstein, and Nola Ginter, Clerk
IN THE MATTER OF RECEIVING BIDS FOR THE 2013 JOINT CHIP SEAL PROJECT
This 3rd day of April, 2013, being the day advertised in the Paulding Progress, a paper of general circulation within the County, as per Section 307.86 of the Ohio Revised Code, bids were received and opened for the 2013 Joint Chip Seal Project:
BIDDER BID AMOUNT
Ward Construction Company, Leipsic $139,568.75
Henry W. Bergman Inc., Genoa $140,990.50
The Paulding County Engineer's estimate for the project is $155,776.53. The specifications will be studied with a determination to be made later.
IN THE MATTER OF SUPPORTING EFFORTS TO MAINTAIN THE TAX-EXEMPT STATUS OF MUNICIPAL BONDS
Mr. Tony Zartman moved to adopt the following resolution;
WHEREAS, the tax-exempt status of municipal bonds is nearly a century old and is vital to funding local infrastructure and economic development; and
WHEREAS, of the $1.65 trillion of local infrastructure investment over the last decade using tax-exempt bonds, nearly all of it was in six categories: $514 billion for primary and secondary schools; $288 billion for hospitals; $258 billion for water and sewer facilities; $178 billion for roads, highways and streets; $147 billion for public power projects; and $106 billion for mass transit.
WHEREAS, any move to change the current tax treatment of local government bonds would lead to higher borrowing costs for local governments; and
WHEREAS, without tax-exempt financing much-needed infrastructure improvements would likely be delayed; and
WHEREAS, tax-exempt bonds are a critical tool for Ohio counties to facilitate budgeting and financing of long-term investments in the infrastructure and facilities necessary to meet public demand for government services; and
WHEREAS, at a time when infrastructure demands are great, increasing the cost of local government borrowing could have serious impacts on the national, state and local economies; and
WHEREAS, without the tax-exemption, the effectiveness of the bond market would be significantly dampened, creating higher borrowing costs for county governments, less investment in infrastructure, and fewer jobs.
NOW, THEREFORE, BE IT RESOLVED that the Board of County Commissioners does hereby support maintaining the current tax-exempt status of municipal bonds.
MEETING NOTES OF APPOINTMENTS
Claudia Fickel and Kathy Sanderson, Auditor's Office - Ms. Fickel presented questions regarding personnel manuals, policies and procedures for various county entities that may not fall under the Courthouse employees' personnel manual. Ms. Fickel also inquired as to whether all employees required to take the on-line employee training from CORSA had done so.
Lou Ann Wannemacher, County Treasurer - Ms. Wannemacher reviewed the March investment interest report. She reported a total of $10,690,080.01 currently being invested through the Paulding County Treasurer's Office. Ms. Wannemacher noted the certificates and CDARs that will be maturing in 2013. Total year to date interest earned is $14,128. Ms. Wannemacher estimates $50,000 in total investment interest income for calendar year 2013. It was also noted the total dollars invested has increased significantly since December 2010. Ms. Wannemacher then reported 2012-2013 real estate tax collections are going well. She also discussed the sewer payments and identified the reason for delay as paperwork glitches. OWDA and Poggemeyer Design Group are completing the necessary forms to facilitate payment.
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