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Supervisors appoint Des Moines firm to oversee bonds

Thursday, September 8, 2011

The Cherokee County Board of Supervisors held its regular meeting at the Cherokee Courthouse on Tuesday.

During the meeting, the Board approved several resolutions for the two general obligation bonds for the Cherokee County Landfill.

The resolution was to appoint a Paying Agent, Note Registrar, and Transfer Agent for the $2,775,000 and the $445,00 Taxable General Obligation Refunding Capital Loan Notes.

The Board appointed Bankers Trust Company of Des Moines for all three positions.

The other resolutions approved by the Board were for authorizing a form of Loan Agreement and authorizing and providing the issuance of the Capital Loan Notes and levying a tax to pay the Notes.

A roll call vote was held to authorize Chairman Jeff Simonsen to sign the resolutions.

Supervisor Terry Graybill once again voted against any action regarding the $445,00 bond.

In other business, the Board approved two wage authorization requests from the Cherokee County Auditor's Office for Sara Lucas, Deputy Auditor and Jill Titcomb, Election Deputy. Lucas will now receive 85 percent of what the County Auditor receives and Titcombe will now receive 80 percent of what the County Auditor receives.

Cherokee County Human Resources Director Kristi Petersen requested a wage authorization for 911 Communications Center for newly hired dispatcher Daniel Holmes at a rate of $13.62 per hour. Her request was approved.

Cherokee County Engineer Dave Shanahan brought three utility permits to the Board for their approval.

The first permit was for an overhead electrical line being installed by NIPCO that passes through Cherokee, Cedar and Pilot Townships.

The second permit for an underground electrical line being installed by Iowa Lakes Electric Company in Section 33 and Section 34 of Tilden Township.

The third permit was also for an underground electrical line installed by Iowa Lakes Electric Company in Section 8 and Section 17 of Silver Township.

After the Board conducted all business, the meeting was adjourned so the Board could conduct its annual Cherokee County Employee Picnic.

The Board awarded several years of service award to County Employees, along with providing a meal prepared personally by the Cherokee County Board of Supervisors at Koser Spring Lake Park.



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