MINUTES OF TOWN OF NORTH SALEM PUBLIC HEARING NOVEMBER 7, 2019
CALL MEETING TO ORDER: The November 7, 2019 Public Hearing was called to order by Council President Becky Fancher at 6:00 pm.
ROLL CALL: Becky Fancher, President – Present, Jimmy Roberts, Vice President – Absent, Mike Russell, Member – Present
PLEDGE/PRAYER: Council President Becky Fancher led with the Pledge of Allegiance followed by a prayer
ORDINANCE 2019-3The purpose of this Public Hearing was to discuss Ordinance 2019-3 – Amending the schedule of rates and charges to be collected by the Town of North Salem from owners of property served by the North Salem Water Corporation. Becky began by stating that the reason for the amendments to the rates is due to our water project (new filter plant and water tower) and that in addition to the $700,000 OCRA grant we were awarded, we also need to borrow $800,000 from the State Revolving Fund Loan program to complete the project. However, SRF will not consider loaning money to us unless we increase our rates at least 25%. We have hired a Financial Advisor who is working with us and SRF.
PUBLICBecky then opened up the meeting for discussion from the public. After a very brief discussion, Becky moved for adjournment.
ADJOURNMENT: There being no further comment, the meeting adjourned at 6:15 pm.
Attest: Beth Russell, Clerk-Treasurer