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Mt. Pulaski , Illinois
December 10, 2011     Times
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December 10, 2011

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INB Caps Do You Know By Mike Lakin building fell into the alley a few years City Treasurer Jim Sutton told the City ago. The city cleaned up the debris and Who YOU Council that the Illinois National Bank then paid about $15,000 to repair the had reviewed the city's 2011 financial back wall of the building. When the city revenues, Their review concluded thecity started legal action to recover the cost of Can Trust? did.not have the revenues to pay back a cleaning up the debris and the repairs, loan of $170,000 plus for the new city Bolyard deeded the building to some else. well. INB then capped the city's borrow- The property was then deeded again and It's a hard choice in today's ing for the project at $70,000. the city spent at least three years in legal financial marketplace. Jim said the city does have $87,898.72 fees before it successfully gained owner- in the City Water & Sewer Depreciation ship of the building. Before it could be With so many banks and Fund, but he cautioned that taking out all sold so the city could recover its costs, the other financial companies of those funds would leave the city with- "Matador" building collapsed into Deron trying to get your business, Powell's building resulting in the demoli- out any funds to meet a water & sewer . it's hard to know who really problem, non of the "Red Door", "Matador", and Former Mayor Bill Glaze, after being Deron's building, has your best interest at told of the financial problem, offered that Bolyard claims he was renting the "Red heart. his bank could look at loaning the city Door" after he deeded the building. Sue What's the solution? $100,000. Stewart asked to see the cancelled check Placing your trust in A Real Mayor Jim Fuhrer said that the city - receipts for proof of the arrangements. could borrow the $70,000 from INB and Councilmember John Utterback said Bol- yard was not entitled to anything. Mayor see if the city could borrow the balance Fuhrer said Bolyard needed to produce a from the offer by Bill Glaze or the Farm- list of what he had in the building and the ers Bank. Jim Sutton said that was not city could see if they had removed it from how this works. The INB loan was not available ff the city adds another loan. the building. The last suggestion was the The INB did not see a revenue flow to city just turn over what was removed and Community Bank@ solves make the payments if the city added forget about it. The one solution not made that problem. Because another loan to-the mix. during the meeting - but is thought to be only banks qualifiedto available - is the city could sue for the To meet the revenue needed, Coun- $15,000 plus that Bolyard appears to owe display this banking seal cilmember Darrell Knauer said the city the city. Bolyard owned the building when ofapproval are dedicated would have to raise water and sewer rates again and/or seek voter approval for a the wall collapsed, to hometown values and bond issue. Council Briefs hometown commitment. Councitmember Sue Stewart said the Will Gillmore will complete classes As A Real Community Bank@, we're committed to the community city had to get control of its spending, in January and become a part-time city where we live and work. Committed to making all our decisions She said the Council had to start review- police ~'fficer. locally and remaining focused on the needs of our customers and ing more closely the spending of the city City police K-9 officer - Brutus was community. departments. How much control? Sue called to another agency's traffic stop. said if it has to, the Council would need Due to Brutus' search, $31,000 in cash to approve the purchase of a light bulb was discovered in the vehicle. Chief Lynn before the purchase is made. She added Freer reported the city might be entitled the miscellaneous spending has to be to a percentage of the money recovered. reigned in and the Council had to pay City Treasurer Jim Fuhrer reported very close attemion to bills, deposits of $45,309.06 from Nov. 23 until Jim Sutton then brought up the demoli- Dec. 13. tion costs on the South Side of the Square. Council approved placing the Blue Star He says the cost will reach $120,000. The referendum on the March 2012 ballot. cost of stabilizing the wall on the Tieke The referendum will allow homeowners building is estimated at $11,000. He noted to have a choice on the purchase of elec- the city was paying for repairs caused by tricity from AMEREN or Blue Star. the demolition of the "Red Door" and Council approved the Logan County was paying for repairs that were needed Development Plan. Mayor Fuhrer said before the demolition there is no cost to the city for parficipa- Bayard Asks for Contents tion in the plan, Council approved the city's Tax Levy. Come visit and tell us how we can serve you. Mr. Bolyard asked the city for his City Attorney Tom Van Hook reported gt property that was in the "Red Door" the city's forced main work still needs an 130 S. Washin on St. - Mt Pulaski building. The contents of the building easement from one property owner. If the were removed by the city before the build- easement is not granted, the city would ing was demolished. Bolyard owned the have to exercise emh;ent domain through "Red Door" when the back wall of his legal action. Local Resident Sentenced ! i A 't]i Oil March 15, 2011Pulaski GradeSchool In addition to restitu- BANK Shelly Pearson, of Mt. Booster Club. tion, and the felony con- OIP'AII~I~ .p~l~ Pulaski, was terminated Pearson was recently viction, she was sentenced as an employee of Mt. sentenced for a felony. She to one weekend in jail ~ ~.8~ta~t~ ~ ~ ~ ~ &~'~ Pulaski Community Unit was fined $1,000. She was (already served), 30-days District #23. sentenced to 00-ho of prob on, ana c ot Pearson respondedpublic service. She must have any contact with the r=" to a notice to appear in make restitution tO the Mt. Mt. Pulaski Booster Club. circuit court before Judge Pulaski Booster Club in the The original charge Thomas Harris on July amount of $7,800. And, was a Class 3 felony. That Far better is it to dare mighty spirits who neither enjoy much nor 11, 2011. She was charged she must make restitution charge has a sentencing things,, to win glorious triumphs, suffer much, because they live in the with one count of taking to the Mt. Pulaski School guideline of up to five even though checkered by failure, gray twilight that knows.not victory property Valued at more District in the amount of years in prison. Restitution than to take rank with those poor nor, defeat. ~ Theodore Roosevelt 'than $500 from the :Mt. $L,800, hearing is set forDec. ~. Dee. 17, 2011 . Mt.~ Times -- - S "' ~ " - - -~M~ m" "~ ~ "~l~r~'~l~~'~ .l~'~tr~'l~