County commissioners approve bond ordinance

It was a relatively short meeting for the Randolph County Commissioners at their Jan. 11 meeting.

The biggest item on the agenda was the approval of a bond ordinance. These bonds would pay for outstanding assessments that were incurred with the closure of Illinois Counties Insurance Trust (ICIT) dissolving. 

Tim King, of Kings Financial Consulting Inc., noted that this year’s bonds, at approximately $209,000, were just a couple thousand more than last year’s (which was reported at $207,000). The bonds are through Dieterich Bank at a 3.25 percent interest rate.

Board Chairman David Holder noted that they are continuing to pay off the trailing ICIT claims and only one, from 10 years ago, is left now. He hopes that this last claim will be settled in the spring so the whole matter can be closed out.

For more from the Board of Commissioners meeting, please see this week’s print edition.