City of Mountain Home looks to save big with bond refinancing

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The Mountain Home City Council unanimously approved an effort to refinance water and sewer bonds Thursday evening, which could result in big savings. Mountain Home Mayor Hillrey Adams says it was time to capitalize on the current low interest rates.


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The council also heard the first reading of an ordinance starting the condemnation process on the former Hiram Shaddox Geriatric Center, located at 620 Hospital Drive.

Adams says the situation with the property involves a dispute between the owner and an insurance company, with a complete lack of progress forcing the city’s hand.


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City Attorney Roger Morgan told the council he had heard from representatives of the owners, who asked the city only hear the first reading of the ordinance. Adams said that was no problem, as that was the plan all along. The council will hear a second reading at its next meeting. Online property records identify the owner of the property as Health Care Solutions, LLC.

Council members voted to waive competitive bidding for the purchase of a Stanley Strikeforce hammer attachment for the street department; approved a request to reallocate funds on the water department’s budget; and allowed adjustments to the street department budget.

Adams says the hammer purchase is a pressing issue and Street Department Director Arnold Knox explained to the council the waving of competitive bidding allows the department to make a purchase matching a piece of equipment secured earlier this year.


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In other business, the council approved the yearly housekeeping resolution to levy a 2 mill city tax on the county tax collector’s books for 2021.

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