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Archive for Wednesday, January 20, 1999

POOL FUNDING PLANS COMPLETED

January 20, 1999

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After a pair of meetings Thursday, funding is in place for the new Baldwin City Swimming Pool under construction in Grove Park and set to open in May.

"It (funding) is now where it should be. Earlier in the week it wasn't," City Administrator Larry Paine said. "The $920,000 construction contract had already been authorized before there was a funding source in place. We have now arranged the horse in relation to the cart."

The Public Building Commission (PBC), which was created by voters, completed plans Thursday morning with the financial firm Piper Jaffrey to secure funding for the $1.1 million project.

"Thursday morning the PBC approved a letter agreeing to underwrite the $1.1 million in funding," Paine said. "In the evening meeting we reviewed the actions that occurred with PBC, and the city council's responsibility was to approve a lease agreement between the City of Baldwin City and the PBC.

The bonds will be paid off, beginning in September, with funds from a voter-approved half-cent sales tax.

Paine said that the city had actually put $22,000 into the project and that figure will be reimbursed by the PBC on Jan. 27.

The PBC consists of Jim Craig, chairman, Gene Nelson, secretary, and Mark Eldridge, treasurer.

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