The Quincy Finance Committee approved a request by Good Samaritan Home to refinance a $12 million bond it took out in 2009 to help fund its expansion.
The home used the city’s bonding authority to finance the construction of the Anna Brown Unit, office space and the parking lot. The bond was originally for $12 million, and $8 million is being refinanced.
City Comptroller Ann Scott said since the bond is being refinanced, it should not affect the city’s $10 million bond limit that it has available to non-profits. The city will receive a $10,000 fee for Good Samaritan Home’s use of the bonding authority.
This is similar to a refinancing plan approved last year for Quincy University. Aldermen voted in 2007 to allow QU to issue up to $14 million in bonds to refinance two $7 million bonds issued in 1997 and 2001.
In other business, the committee recommended that it accept the bid of $11,643 from Area Distributors for janitorial supplies.
Republican mayoral candidate Kyle Moore is the first candidate to hit TV before the April 9 election. In his campaign ad called “We Deserve Moore,” Moore slams two-term Mayor John Spring, a Democrat, on hydropower and touts his record to increase efficiencies and accountability at the city level. Moore also declares his top priority is to bring more jobs to Quincy.
His campaign also received a big financial boost Monday.
According to the Illinois State Board of Elections, he received $5,000 from the 18th District Republican Central Committee and $10,000 from the Adams County Republican Central Committee. Moore’s campaign also sent a letter to the State Board of Elections correcting an error. In a Jan. 15 report, Moore’s campaign said it received $5,000 from state Rep. Jil Tracy, R-Quincy, when it actually received the contribution from Jim Tracy.
Just one month remains until the city elections, and money continues to roll in for Quincy Mayor John Spring, who is seeking a third term.
On Tuesday, his campaign reported a $6,000 donation from Sen. John Sullivan, D-Rushville. Last week, his campaign reported a $3,000 donation from the Construction and General Laborer’s District Council of Chicago Political Action Committee and a $1,000 in-kind contribution from Sullivan for staff salaries.
Third Ward Alderman Kyle Moore, the Republican candidate, reported $1,000 from the 18th District Republican Central Committee last week.
These aren’t all the contributions that candidates have received. Contributions of $1,000 or more must be reported year round, while other donations are disclosed quarterly. It will be interesting to see how much both candidates total for the election, which won’t be available until first quarter disclosure reports are due after the election.