The Montevideo City Council met in regular session on Monday June 20, in the Council Chambers at City Hall. Council President Marvin Garbe called the meeting to order at 7:01 p.m. All council members were present.

The Montevideo City Council met in regular session on Monday June 20, in the Council Chambers at City Hall. Council President Marvin Garbe called the meeting to order at 7:01 p.m. All council members were present.

Rebecca Kurtz from Ehlers and Associates presented a certificate to Mayor Debra Lee Fader and the city council in recognition of the city’s upgraded financial bond rating.

The city’s bond rating improved from A+ to AA-. This rating will be extended to all new and existing bonds.

Kurtz cited “strong budgetary performance as well as the city’s “positive financial growth” as reasons for the upgraded bond rating.

A better bond rating means the city will receive a lower interest rate when borrowing money, thereby allowing the city to save money over time.

Only one item was on the consent agenda. The council considered approval of verified claims for the period ending June 17, 2016, in the amount of $129,545.79. A motion was made and seconded to approve the verified claims. The motion carried.

The council had several items to consider under general business.

First, the council considered three resolutions providing for the issuance and sale of $805,000 General Obligation (G.O.) Improvement Bonds, Series 2016A; $790,000 G.O. Utility Revenue Bonds, Series 2016B; and $740,000 G.O. Refunding Bonds, Series 2016C.

A motion was made and seconded to approve each resolution. All three motions carried and the resolutions were approved.

The council considered a Planning Commission recommendation of approval for Frank Pierce, who applied for a Conditional Use Permit to allow a pawnshop business at 116 South First Street. A motion was made and seconded to approve the permit. The motion passed and the permit granted.

Also considered was another Planning Commission recommendation of approval of a request  Casa De Oracion of Montevideo (Martin and Norma Soto) to allow a religious institution to be located at 107 South First Street (the old Wilson’s building). A motion was made and seconded to approve the Conditional Use Permit. The motion passed.


For more on this story and others pick up this week’s paper or subscribe today!