County eyes refinance
CAMERON—Milam County Commissioners, meeting in regular session Tuesday, authorized County Judge Dave Barkemeyer to take the first step in refinancing some general obligation bonds at a lower interest rate.
Financial advisor Alan Westerman of Westerman & Westerman told commissioners the 2001 Series bonds are currently at 4 percent but rates have now dropped to around two percent.
He said the change could save the county about $21,000 per year.
Refinancing must take place before Dec. 31, Westerman said.
In other business, commissioners:
• Nominated Tim A rledge, Joan Ratliff, Travis Yoakum, Mike Marek and Glen West to the Milam County Appraisal District board of directors.
• Appointed the county judge, count y clerk voter registrar, sheriff and the Democratic and Republican party chairs to the county election board for the 2012 primary and runoff elections.
• Accepted policies and procedures for the county clerk’s office at the request of County clerk Barbara Vansa. She said policies already exist but due to public concern she decided to enter them into public record. Policies and procedures will be posted on the county website.