City Council gets a bond

ZANESVILLE, Ohio – Due to yesterday being Columbus day the city council meeting was moved to this evening.

Tonight’s meeting focused a portion of their time discussing the repayment plan regarding the reconstruction, renovating, and repairing of Secrest Auditorium and the City Jail. According to Budget and Finance Rhonda Heskett, the city is paying $2,750,000 due in bonds for Secrest Auditorium and the City Jail.

[In Secrest Auditorium they] put in new air conditioning, put in a lift fixed an exterior wall, did several little projects like that and then for the jail we’re replacing the H.B.A.C. System right now there are no plans other than those,” said Heskett. “The bond anticipation notes are just short term financing. What we’re going to do now is actually take that financing source and make it long term and tern it into an actual bond.”

The city of Zanesville issued bonds for the projects regarding Secrest Auditorium and the city jail and now the city is paying the investors who initially paid for the bonds.