Dieterich Village Board Refinances Bonds to Save on Interest Costs

Dieterich village board members Monday approved the refinancing of bonds to save on interest costs.

One change involves the Tax Increment Financing District #3 and financing infrastructure improvements. The others involve a change in terms agreement to finance sewer infrastructure improvements, financing for Phase 3 of improvements to the east addition of North Pointe Estates, and infrastructure work on the fifth addition to Hartke Subdivision.

Village board members also awarded work to clean out the Norb Avenue detention pond in the west industrial park for just under $23,000, awarded work on the Zumbahlen Avenue sewer extension for Higgs Welding for just under $15,000, and awarded drainage improvements on Park Street and Virginia Street for just over $5,300.

Board members also discussed what could be done to improve the lighting at the entrance to the new Dollar General store on the west end of the village, and learned from Village Clerk Brittny Gipson that work will begin after the first of the New Year to get golf cart sticker renewal underway.