Village to pay off 1981 water bond
BALDWIN — Residents on the Village of Baldwin water system will soon no longer have to pay bonds dating back to 1981.
During the review of the financial report at the Village of Baldwin council meeting on Monday, Village of Baldwin President Jim Truxton said the village should have the 1981 water bond paid off by the end of 2018.
Truxton said the village recently paid $695 in interest and will make another interest payment of $625.
By the end of the year, they plan to have the $27,000 in principle paid off.
The water bonds from 1981 financed improvements to the village’s water system.
“Without having these bonds on user’s backs will definitely help,” Truxton said.
Also during the meeting, the council went into closed session with their attorney Cindy Wotilia to discuss litigation between the Village of Baldwin and Webber Township.
The closed session was originally scheduled toward the beginning of the meeting on the agenda, but council members moved the closed session to the end of the meeting.
When asked by the Star if anything newsworthy was discussed in the course of the meeting when the council was thought to be in closed session, Truxton replied no, stating that mainly regular department-head reports were given.