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Wednesday, Sep. 28, 2016

April 22, 2012

Posted Thursday, May 10, 2012, at 3:04 PM

The Malden City Council met last week in our regularly scheduled meeting. One of the topics we discussed was the financing of the new waste water treatment plant. Our intention is to borrow approximately $1,500,000 for this project. The total cost is estimated to be $2,000,000. The documents outlining the financing plan were prepared by counsel from a law firm in Kansas City.

The financing document and the ordinance approving that document were both available for discussion. A motion was made and duly seconded to approve the plans. In the ensuing discussion Councilman Ronnie Dell accurately and astutely pointed out that the financing contract said that the interest rate could not exceed 10%. The accompanying amortization schedule indicated that the interest rate could not exceed 3%. We had been informed that the interest rate would not exceed 3%.

Our city attorney, Mr. Mike Mower, attempted to resolve this discrepancy by calling the bond counsel in Kansas City. It was 8:00 p.m., and like any good lawyer, the gentleman in Kansas City did not want to revise any document without time to read it and reflect.

The result was that we will meet again in special session tomorrow evening and approve or disapprove the revised documents. I believe the reason for the difference was that the "10%" rate was a typographical error. The important thing to remember is that Councilman Dell saw the problem and pointed it out to the rest of us. It may only be a coincidence, but Mr. Dell is also chairman of our budget committee. I frequently say that our most important job is to collect and spend Malden's money wisely and not foolishly. I invite you to come watch us and offer your opinion as we do it. If you had been with us last Monday, I believe you would have been proud of Mr. Dell.

The Malden Park Board met last Wednesday. They voted to close all the restrooms in our public parks and replace them with port-a-potties. There is a long history of problems with vandalism of the park restrooms. The park board has spent a lot of money repairing and replacing restroom equipment. They are well within reason to take the action they did.

I have asked the park board to keep the restrooms open. I don't want to give in to the bad guys. The Barbary Pirates told the United States they would quit attacking American ships if we would pay them bribe money. Thomas Jefferson said, "Millions for defense but not one cent for tribute." Jefferson sent a twenty-two year old naval officer named Stephen Decatur to clean out the pirates. Decatur did it, and Malden named a street after him. If we give in to the vandals, will we have to change the street name? The Japanese bombed Pearl Harbor, and we went to war even though our Pacific Fleet was destroyed. We didn't give up.Vandals are just war on a much smaller scale and hopefully life and death are not at stake. John Wayne and Clint Eastwood epitomize the American character when the bad guys try to run the good guys off. Would the "Duke" and "Dirty Harry" tell us to rent port-a-potties, or would they tell us to kick @#*? We have an excellent police department, and I would recommend the City of Malden offer a $1,000 reward for the arrest and conviction of anyone caught vandalizing the city parks.

The financial report is as follows:

April 13, 2012Balance $1,337,497.70
Revenues $30,062.65

Expenses $22,068.89

April 20,2012Balance $1,345,491.46

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