Borrowing $450,000
9:24 pm
Wed May 9, 2012

Des Moines County to Help E-911 Board

Des Moines County is being asked to borrow $450,000 on behalf of the county’s E-911 Board.

Board of Supervisors Chairman Tom Broeker says the agency still owes money to a local bank for some computer equipment purchased years ago.

Broeker says a recent state audit revealed that Des Moines County’s E-911 Board should not be carrying any debt.  He says that means the agency cannot renew the loan, which must take place within the next few months.

Broeker says Des Moines County will simply borrow the money needed to pay off the loan, as opposed to increasing the amount to allow for additional equipment purchases.

He says the money the county borrows will be paid back by the agency  at a lower interest rate.  He describes it as a “win-win” for everyone involved.

A pair of public hearings on the borrowing plan is scheduled for May 22.