The Independent-News, Volume 116, Number 30, Walkerton, St. Joseph County, 20 December 1990 — Page 6

- THE INDEPENDENT NEWS - DECEMBER 20. 1990

6

WALKERTON TOWN BOARD MINUTES The Walkerton Town Council met at 7:00 on December 3. with the following members present: Cheryl Rizek, Maggie Gaddis, Gregor)' Williams, Walter Heil and Leonard Jaske. Attorney David Holmes and CTerk-Treasurer Judy Hiler were also present.

4i »^hh7hiil^ j|- * ' .'. - ' rfp NEL Make a joyful noise unto the .-% Lord! We hope Christmas brings you every blessing! Gail Whitaker Saw Sharpening ^ 707 Michigan St. Walkerton Happy Holidays We wish you a season of Beautiful Christmas moments — lasting memories to treasure always! ‘ Body Magic 710 Roosevelt Rd. Walkerton ~~ "5I * * * * A 11 K ® I • I its NOEL I :. , , , i | jH jg । A Let the spirit of our j 1 BIS 1 ft 1 Savior abide with I I II \<>u thtoughout । MHMHH "^^k^b mwbJUi th< vcai Youi I I 1 ^BA hicndship means j S a a lot to us. I ■ "" H ' ^b A I I ^wjZplW^FL^i^JESwiwM^ i I Asar i S!^ W s *’* lU ' I Teachers Credit Union ! । St. Rd. 23 N. Walkerton !

The minutes were approved as read. A representative from MidAmerican asked the council if sewer lines are going to be extended to the Northwest Industrial Park in the near future. Mid American has a sewage problem, and is trying to make a decision about a new septic system. They would like to know if there is any chance of tying into the Town's sewer system within the next couple of years. Williams said that a gen-

eral type survey of the sewer system is being done right now to determine priorities for future extensions. The survey will help the council decide which areas will need attention first, and it will probably be a minimum of four to five years before any extensions are begun. The survey would be completed within the next couple of months, and will be made public. There was no citizen's input. Monthly Reports: Police Chief Gassensmith submitted his month* ly report, and spoke to the council about the new police car that we are purchasing next year. The car is a 1991 Chevrolet, four door Caprice fully equipped as a police car, for $15,137.00. Walt Heil made the motion to go ahead and order the car. Seconded by Len Jaske. Carried. According to a list compiled by the Police Department, letters had been sent to residents who were in violation of our junk car ordinance. Although most people complied with the letter, there are a couple of people who have not removed their boats or cars. The clerk asked the council what they want to do in these instances. Gassensmith asked if an exception could be made for the boats, that are stored in a yard. Williams commented that if there is an up-to-date plate on it, it would be legal. It was decided to allow the boats if they are stored in the back yard, and to send follow up letters to those who still have junk cars parked on their property. Interest earned on our $300,000 Certificate of Deposit for the last ninety-one day period was $5,850.

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Since the last investment meeting, it has been determined that there have been charges in our money market account at Ist Source Bank. We found that instead of earning interest on total monies; a twelve percent reserve requirement, FDIC insurance and a float amount were deducted before interest was computed. In addition, we are being charged a fee for each deposited check, each written check and each deposit made at the bank. These fees are also deducted before the interest earned is entered into our monthly statement. Jaske reported that if we move our money to Farmers State Bank, the interest will be figured on the actual daily balance less $15,000 float. Attorney Holmes questioned how they could change the terms of the bid, and added that it is incumbent upon the banks to tell us of any requirements they may have, or any additional charges. Holmes said that if the council feels that money is due, we should write a letter demanding that they recalculate the interest and pay us the difference. Williams thinks we should pursue the matter, and ask for what we feel is due us. Jaske suggested that we solicit quotes for interest rates on money market or sweep accounts, and also for a $500,000 Certificate of Deposit for the next meeting. Jaske

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made the motion to solicit these quotes. Seconded by Heil. Carried. Heil made the motion to have Attorney Holmes write to Ist Source Bank in regard to interest earned on our money market account. Seconded by Gaddis. Carried. Judy Baker spoke on behalf of the town court. Baker feels that having the court in town helps to keep crime down. That this is one reason the caseload is down, and therefore revenue is down. Another reason for the caseload being down is that the State Police now write most of their tickets into South Bend's court. Williams said that if the council wants to keep the court, maybe next year they could work out a different payment agreement. He added that some local merchants have voiced their support of the court, and use it for their bad checks. A report of the court’s revenue and expenses, showing a loss of approximately $30,000 for the last four years, was reviewed by the council. Attorney Holmes advised that if the council chooses to eliminate the court, it has to be done before election year Discussion included making the court part-time, and also the need for a computer hook-up if we wanted to get the State Police to use our court again. Holmes (continued on Page 19)