The Washington City Council met last night and held discussion about water rates as part of the meeting. This discussion involved a second reading of an ordinance to amend the city code to change these rates. These rates will result in a zero net effect for customers this year while the city reallocates the percentages of the rates.
A resolution was passed to set a public hearing date for a fiscal year 2012 budget amendment. This public hearing will happen at the next meeting.
Approval was given of a bid on general obligation capital loan notes. These notes will total $250,000 and will have a one and a half percent interest rate over a five year period. The city will be working with Federation Bank in Washington with these notes.
One other item the Council approved was the moving of their first meeting in July. Because of the July 4th holiday falling on the first Wednesday of the month, the Council will be meeting on Tuesday, July 3rd instead.