East Bethel City Council

The East Bethel City Council on Feb. 5 approved issuing bonds to refund the city’s 2010 general obligation utility bonds for a future savings of $1.5 million, which is about $220,000 more than expected, said Stacie Kvilvang of Ehlers & Associates.

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The East Bethel City Council Dec. 4 voted 4-1 to approve the final 2014 budget and then voted unanimously to approve the 2014 tax levy. At a total of $5,126,950, the levy will be 15.1 percent higher than the 2013 levy because the city must start making payments on its bonds for the water and sewer project next year.

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The East Bethel City Council voted 4-1 Nov. 20 to pursue issuing $5,525,000 in general obligation bonds to refund $6,100,000 in Series 2010B Build America Bonds for an anticipated savings in interest expenses of $1,305,000 over the next 26 years.

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In its ongoing effort to find a way to keep the city’s tax levy from increasing at all in 2013, the East Bethel City Council may actually end up with a levy amount that is less than the current year’s.

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The city of East Bethel will soon be replacing its 15-year-old, storm-damaged billboard at the intersection of Highway 65 and Viking Boulevard with a new electronic reader board.

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