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Globe to receive $5.5 million loan

Posted: Tuesday, Mar 4th, 2014

Globe — The Globe City Council meeting on Monday, Feb. 24, started on a positive note as City Manager Brent Billingsley announced that the city is the recipient of a $5.5 million loan from the Water Infrastructure Finance Authority (WIFA).

Billingsley added that the city will be relieved of $3 million from that loan. The money will go to buy new water meters and for other water and waste water matters. However, the city manager said that WIFA will hold the loan until water rates increase to make sure the loan can be paid back.

Billingsley presented the city’s legislative agenda to the council. In a PowerPoint presentation, he said the goal of the agenda was to adopt an agenda that allows the city to effectively focus its legislative efforts on council priorities. Billingsley said their are six main categories that they would like to focus on: protecting existing revenue sources, to oppose cost shifting onto cities and towns, protecting local control, adopting positive structural reforms, creating economic development tools and to do no harm.

For the complete article see the 03-05-2014 issue.

Click here to purchase an electronic version of the 03-05-2014 paper.

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