Caraway Council votes to pay off loan
Caraway Mayor Barry Riley advised the city council at the Thursday, June 11, meeting he had talked to auditors about taking the debt reserve CD on the sewer plant and paying off the loan which will save the city money.
"It will save us $2,533 a month," Mayor Riley said.
The amount is $30,786.
Utility superintendent Terry Couch said it would be a smart thing to pay it off.
"It is the wisest thing to do and save on interest," he said. "The money can't be used for anything else."
Councilman Roger Williams made the motion to cash in the debt reserve fund to pay off the debt. The city will add $400 to the amount to pay it off in full."
The council voted unanimously to use the CD to pay off the loan.
Council members present were Williams, John Boatman, Mark Bell, Marvin Browning and Mitchell Tipton.
Mayor Riley said the hand held meter reader had gone out. The council approved unanimously to purchase replacement software and equipment in the amount of $2,500 to be paid from the water/sewer account.
Mayor Riley said the city crew is behind mowing due to the weather and work that had to be done at the cemetery. He said the city police officers have been good to use their time on their off days to help out. Riley asked the council about paying them $10 an hour for their work as needed.
The council unanimously approved Mayor Riley's recommendation.
Councilman Williams said the Caraway Community Volunteers have formed to work for activities in the city. They held a yard sale raising over $500.
"All of the money we raise will go back into the community for activities such as fireworks, Christmas baskets, Fourth of July activities and more," he said. "Anyone who would like to join us can contact me."
Since the Caraway Lions Club has disbanded the volunteers will take on the responsibilities.
Williams said there will be a parade on the Fourth of July, gospel singing at the bandstand, prize giveaways, bingo, activities such as watermelon eating contests and Roger Bell is in charge of the first ATV rodeo to be held at the equine arena. Fireworks will be held at 9 p.m.
In other business:
*Mayor Riley said the Dodge vehicle repairs would be about $2,000. He and Police Chief Pete Hicks are working on a grant for a new vehicle but it will be September before they know if they are approved.
*Mayor Riley commended the park commission for a good job with the summer sports.
*Couch said he would be working on sewer pipes that need to be replaced.