Po­lice cars on radar for Pea Ridge coun­cil

Northwest Arkansas Democrat-Gazette - - NORTHWEST ARKANSAS - ANNETTE BEARD Annette Beard may be reached by email at abeard@nwadg.com.

PEA RIDGE — Three of four City Coun­cil mem­bers ap­proved is­su­ing a $200,000 prom­is­sory note to buy cars for the Po­lice De­part­ment on July 18.

“I want to make a note that the con­stituents that I’ve vis­ited are against this,” said coun­cil­man Bob Cot­ting­ham.

There was no dis­cus­sion about the pur­chase which had been dis­cussed at pre­vi­ous city meet­ings.

Coun­cil mem­bers ap­proved a loan for $5,600,000 for the wa­ter treat­ment plant.

“This is a bridge loan,” Mayor Jackie Crab­tree ex­plained, adding it’s stan­dard prac­tice and the loan will cover con­struc­tion costs un­til the plant is fin­ished and “RDA kicks in and pays it back.

“I don’t like it, but that’s the way the gov­ern­ment is work­ing right now,” he con­tin­ued.

Ken Hayes, Wa­ter/Waste­water De­part­ment su­per­in­ten­dent, said the city had a com­mit­ment from the U.S. De­part­ment of Agri­cul­ture Ru­ral De­vel­op­ment for the loan.

“Our in­ter­est is 3.25 per­cent for the per­ma­nent loan. We’ll get this for 1 3/8 per­cent, so we’re re­ally bet­ter off,” Hayes said. “When the draw is due, you’ll make that draw and the in­ter­est be­gins then on the draw only.”

“It’s so low be­cause it’s guar­an­teed by the fed­eral gov­ern­ment,” Hayes said.

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