City of Gilman City Council met February 11
City of Gilman City Council met Feb. 11.
Here is the minutes provided by the council:
The regular meeting of the city council was called to order by Mayor Theesfeld. Council responding to roll call were: McGehee aye, Kraft aye, Elliott aye, Eimen aye, Voigt eye, and Fancher aye. Clerk Morris and Treasurer Johnson were also present.
Moved by McGehee Seconded by Kraft
to approve the minutes from the regular meeting held on January 14, 2019. All aye.
Moved by Eimen Seconded by McGehee
to approve a loan made on November 14, 2018 for $11,000.00 from the General Fund to the 2002/2011 Bond Fund, to cover a bond payment as the tax levy payment had not yet been received from Iroquois County, which loan was inadvertently not formally previously approved. All aye.
Moved by McGehee Seconded by Elliott
to transfer $15,000.00 from the General Fund to the Road and Bridge Fund, to transfer $2,500.00 from the General Fund to the Sanitary Sewer Fund, and to transfer $11,000.00 from the 2002/2011 Bond Fund to the General Fund. All aye.
Moved by Voigt Seconded by Fancher
to approve a special one-day permit/license to serve alcohol earlier than usually allowed on Sundays to C-I Golden Eagles, LLC, d/b/a Crossroads Cantina & Catering for a wild game feed to be held on Sunday, February 17, 2019 starting at 9:00 a.m. All aye.
Mayor Theesfeld advised the council that due to the fact that the industrial park has not been developed further and the Promissory Notes/Mortgages due to Shawn Coady and Wasmer Farms Inc. matured on December 31, 2017, it is necessary to have the City’s mortgages released and transfer title to the 8.55-acre tract back to Bank of Rantoul, as Trustee (Coady) and the approximately 17.93-acre tract back to Wasmer Farms Inc. A Mortgage on certain drainage and utility easements will also be released. The documents have been prepared and will be circulated for signature and then recorded with the Iroquois County Recorder of Deeds.
Moved by Elliott Seconded by Eimen
to approve said transfers of real estate as set forth above to Bank of Rantoul, as Trustee (Coady) and Wasmer Farms Inc. for no consideration. All aye.
Mayor Theesfeld advised the council of all of the extra time and work that Addison Brown has done for the City during the recent cold temperatures, including turning the water off for people whose pipes have frozen, and plowing and salting City streets. Addison’s work is much appreciated.
Mayor Theesfeld advised the council of the status of the bids for the N. Thomas St./E. Second St. road improvement project. The original bid date of February 7, 2019 was delayed due to questions that the proposed contractors had. The new bid date is February 19, 2019. He also advised the council that the interest rate for a loan from Prospect Bank for the project would be 3.92% for a six-year loan, plus the sum of $7,700.00 would be owed to the bond attorney. An alternative would be to utilize the services of Bernardi Securities. They may be able to obtain a loan for the City at 3% interest, but would charge a 1% fee plus the bond attorney’s fee. Mayor Theesfeld will continue to research possible financing of the project and present the council with further information after the bids have been received.
Alderman Voigt had nothing to discuss.
Alderman Elliott had nothing to discuss.
Alderman Fancher had nothing to discuss.
Alderman Eimen had nothing to discuss.
Alderman McGehee had nothing to discuss.
Alderman Kraft had nothing to discuss.
Moved by McGehee Seconded by Fancher
to approve the bills as they were presented, and to approve the Balance Sheet, and Profit and Loss Statement dated February 11, 2019 as presented. All aye.
Moved by McGehee Seconded by Kraft
to adjourn the regular meeting at 7:22 p.m. All aye.