Borrowing

City Council Blocks Trail Grant
9:19 am
Fri July 5, 2013

Fort Madison Seeking Better Interest Rates

Fort Madison City Council

Fort Madison wants to prove it will be fiscally responsible.

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2% Interest
10:13 pm
Tue June 25, 2013

Lee County to Borrow Local

Lee County Board of Supervisors

Lee County will stay local when it comes to getting money for some upcoming projects.

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City to Lease County Land
10:23 am
Sun May 26, 2013

New Contracts for FM Employees

Fort Madison has wrapped up contract talks with four employee unions.

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Portion to Rebuild Grand Avenue
4:59 pm
Mon March 11, 2013

Keokuk Borrowing Millions

Keokuk is taking steps to borrow more than $10-million.

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Being Sold to Cedar Rapids Firm
11:24 pm
Wed February 27, 2013

Possible New Use for Former FM Library

The former Cattermole Library in Fort Madison

A vacant library in downtown Fort Madison could soon have new life.

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Loan Needed to Cover Payroll
10:29 am
Fri June 8, 2012

Burlington to Borrow Money

Burlington City Manager Jim Ferneau

Burlington will need to take out a very short-term loan to get through the current fiscal year, which ends June 30th.

The city council has authorized the borrowing of up to $2-million to cover payroll and operations through the end of the month.

City Manager Jim Ferneau says the city will need about $700,000 to cover the final payroll of the year, so he does not anticipate needing to borrow the full amount.

He says it is good to have the authority to do so, though, in case an ongoing capital project runs into trouble.

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Borrowing $450,000
9:24 pm
Wed May 9, 2012

Des Moines County to Help E-911 Board

The Des Moines County Board of Supervisors

Des Moines County is being asked to borrow $450,000 on behalf of the county’s E-911 Board.

Board of Supervisors Chairman Tom Broeker says the agency still owes money to a local bank for some computer equipment purchased years ago.

Broeker says a recent state audit revealed that Des Moines County’s E-911 Board should not be carrying any debt.  He says that means the agency cannot renew the loan, which must take place within the next few months.

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