The White Hall City Council agreed Monday evening to explore the municipal bond market with the hopes of saving money on existing debt service. Under the terms of a resolution unanimously approved by aldermen, the city may consider refinancing 1999 and 2007 water and sewer revenue bonds if the interest rates are lower.
Mayor Noel Foster said he would only consider bringing a refinancing proposal to aldermen if there is the potential savings and the payoff period is not extended.
In other business, aldermen:
• Placed on three readings and adopted an ordinance rezoning a .72 acre tract at 8608 Dollarway Road from R-3 (multi-family residential) to C-2 (general commercial).
Developer Erasmo Dierich Dierich indicated to the White Hall Planning Commission last week that he plans on building commercial offices on the site.
• Approved Christmas bonuses for city employees and amendments to the personnel policy handbook on vacation and sick leave policy.
• Agreed to change council meetings from the third Monday to the third Tuesday in January and February.
Foster said City Hall offices will be closed Thursday and Friday. He reminded residents that city crews will pick up bagged leaves from curbside.