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Galesburg Council 10/18: Knox College bonding assistance; Gambling Tax

Galesburg Aldermen will discuss assisting Knox College with the issuance of $45 million in bonds on Monday night. Knox has requested that the City assist with the bonds to refinance existing debt and undertake additional capital projects. The City has helped Knox with this sort of thing before. In fact, some of the debt being refinanced by this new bond issuance is from bond issuances the city helped within 1996 and 1999. The City would have no liability or obligation associated with repayment of the bonds nor any control over the use of the proceeds. Aldermen will also discuss stop signs at Grove St.'s intersection with Olive Street. Currently, there are yield signs at the intersection but a request was made to the city to see if stop signs were necessary. The Traffic Advisory Committee, in their review, found that trees, bushes, and structures impede visibility at the intersection. They're recommending the intersection have stop signs, something the City Manager, Director o ....

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