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  ARPA Retires its Power Revenue Refunding and Improvement Bonds Series 2010: ARPA directed UMB Bank, its bond trustee, to retire ARPA’s 2010 Bonds effective January 15, in the amount of $15,066,966. The retirement of the Bonds will reduce the Authority’s annual debt service by $1.23 million and was instrumental in ARPA’s ability to implement a 3.6% rate reduction in 2021.   Update on the Dismantling of the LRP: Jackson Demolition, the demolition contractor for the LRP, mobilized to the project site on January 11. Perimeter fencing around the demolition site has been installed and the...

  The Lamar City Council held its first meeting of 2021 this past Monday, January 11 th. City Treasurer, Kristin McCrea noted her findings for the city’s Water/Wastewater fund from 2016 to 2020 which indicated the operating expenditures for four of the past five years have been overspent. Her written report suggested the need to increase the fund balance in order to complete future capital projects. She recommended that for the 2021 budget, the city move closer to what the annual averages have been, based on a three-year history. McCrea outlined her goals including educating department hea...