Warren council finance panel urges borrowing $9.5M

Staff report

WARREN

Warren City Council’s finance committee recommended Tuesday that the full council approve resolutions tonight to borrow $9.5 million.

The committee is recommending a 20-year repayment plan for a $4 million bond issue to purchase a building to house the health department, community- development department and income-tax department; a 15-year repayment plan for a $3 million bond to renovate existing buildings; and a 10-year repayment plan for a $2.5 million bond to improve streets.

Council also will give third reading and possibly vote on a resolution to repeal 1999 legislation that requires council to set salaries for elected officials — including themselves — before the primary election.

Councilman Al Novak said he was among the sponsors of the 1999 legislation because he felt it made council members more accountable for decisions affecting salaries.