The city of Huxley was given high praise last week regarding bond information for general obligation bond debt to finance infrastructure of the Kum & Go project at the corner of Iowa Highway 210 and Interstate 35.
According to Michael Hart, vice president of Northland Securities, the city has decreased its debt load from $7,000 per capita in 2010 to around $3,000 currently. Hart said the city’s debt load would probably be below $1,000 per capita in the next five years.
“The city has not borrowed from the general obligation side since 2010,” Hart said during the Sept. 24 meeting. “You are one of the faster growing cities in the state. This is a different story than the past; there are a lot of positives here. We are adding major development for the city along the interstate.”
Hart said he was happy with the bond rate they were able to secure because of the stronger financial position of the city than in the past. Council approved the motion unanimously for bonds in the amount of $3.72 million.
In other council news:
Election Day is approaching quickly, and the Huxley Library will be holding a Council Forum on Oct. 19 from 10 a.m. to 12 p.m. at the library. This year’s candidates for mayor include Craig Henry (incumbent), Kevin Deaton, and Chris Gardner. Candidates for council include Tracey Roberts and David Jensen (incumbents), Nathan Easter, and Joe Schierbrock. The election is Nov. 5.
The Huxley Parks and Recreation Department will be holding its second annual Fall Family Festival on Sunday, Oct. 13, from 2-4 p.m. The event will be held at the Centennial Park shelter and will include pumpkin decorating, cider and donuts from Center Grove Orchard, hayrides, and fall photo opportunities.