The New Waverly City Council approved a contract for financial advisory services between the city of New Waverly and SAMCO Capital Markets Inc., but tabled taking action on five other items Tuesday night.
The council also accepted a bid from Houston Community Bank for a loan in the amount of $500,000.
“The Southside Bank interest was set at 5.5 percent, locked in for the duration from 2010 to 2025 for a total of in-debt services of $757,125,” New Waverly Mayor Dan Underwood said during Tuesday’s meeting.
“Houston Community Bank is locked through 2017 at 4.7 percent and then in 2018 it goes to 7 percent or whatever the prime is at that time through the duration to 2025 for $751,312.50,” Underwood said.
Also Tuesday nighyt, the council:
• Tabled the minutes from the September 2009 meeting
• Tabled an interlocal agreement
• Tabled Ordinance 2009-09, which would repeal the telecommunication exemption
• Tabled the annexation plan for Highway 150 west and FM 1374 west
• Tabled a budget amendment fro the general fund for the 2009-2010 fiscal year.
• Approved financial reports for September 2009
• Approved Director of Public Works report for September 2009
Local News
New Waverly approves financial contracts
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Colorful celebration back for 2nd Latin Arts Festival
All things Latin will be discussed, learned and experienced and during the second annual Huntsville Latin American Arts Festival.
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City weighs development corporation
Work to set up a $800,000 a year nonprofit economic development corporation tasked with bringing new business to Huntsville will be “a test case” for the community’s trust in the newly elected Huntsville City Council, one of its members warned Tuesday.
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City hosts class on oil and gas laws
Oil and gas drilling provides a needed service, but the waste is cause for concern in cities across America. Even in those cities where drilling isn't taking place, there are still spills and leaks from cleanup trucks that can cause hazards to the environment, as well as other motorists.
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New Waverly first graders receive lesson on proper dental hygiene
First graders at New Waverly Elementary found out how to take care of their teeth Tuesday morning during an assembly in the school’s cafeteria.
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Highway 19 ramps are closing
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Black History Scholarship Musical
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From commercials to television shows and even a web video, Walker County was in the spotlight in 2011.
The new year is shaping up to be successful for tourism as well, according to Kimm Thomas, director of tourism and cultural services for the city of Huntsville. - More Local News Headlines
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