Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Why Are Debt Funds Regaining Relevance In FY26?
    • DSP MF launches Nifty 500 Index Fund and Nifty Next 50 ETF
    • A Well-Priced Option for Investment-Grade Bonds
    • SEBI mutual fund expense ratio changes 2025: From BER to TER, know how your MF investment will be impacted
    • XRP ETFs Show Strength, Bitcoin ETF, Ethereum ETFs Bleed $490-$650M Last Week
    • Key Features and Benefits Explained
    • The Trustnet team’s fund picks for 2026
    • Northern Funds Short Bond Fund Q3 2025 Commentary (BSBAX)
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Bonds»Pavilion’s days numbered: Legislation sets bond amount, locations of projects | News, Sports, Jobs
    Bonds

    Pavilion’s days numbered: Legislation sets bond amount, locations of projects | News, Sports, Jobs

    October 11, 2024


    (Photo by Gwen Sour)
    Ellisha Seabolt discusses Parkersburg’s First Stigma Reduction at Parkersburg City Council’s meeting on Tuesday night.

    PARKERSBURG — Parkersburg City Council confirmed a new 47,000-square-foot recreation center will be built on the site of the City Park pavilion with a supplemental resolution during their regular meeting Tuesday night.

    The resolution adds to an ordinance approved in August authorizing the Municipal Building Commission to issue up to $15 million in revenue bonds to fund the construction and equipment of the proposed recreation center and a replacement for Fire Station 3. The city will lease the properties back from the commission, with its payments going to repay the revenue bonds.

    The supplemental resolution specified the properties to be transferred to the commission – the pavilion site and a lot in the 700 block of Briant Street which the city recently purchased from the neighboring Seventh Street United Methodist Church for the fire station.

    The resolution passed on an 8-1 vote, with Councilman J.R. Carpenter opposed and Councilman Chris Rexroad participating by phone.

    Prior to the vote, Carpenter said he did not see a difference between the new resolution and the ordinance council passed, except that the bonds to be issued were not specified in the ordinance.

    (Photo by Gwen Sour)
    Parkersburg resident Dan Stevens discusses a “glass half-full” mentality toward the new recreation center tol be built in City Park during Tuesday’s City Council meeting.

    Bond counsel John Stump addressed the differences between the supplemental resolution and the original ordinance.

    “The ordinance provides that before actually proceeding (with) the issuance of bonds, we’re going to come back to City Council for a supplemental resolution,” he said. “Primary reason for that is the ordinance itself authorized (an amount) not to exceed $15 million….”

    The ordinance was enacted prior to the city receiving bids for the project, Stump said, and the hope was the amount needed would actually be lower than $15 million. However, that was not the case and the full amount will be needed, he said.

    “(I) said that we would be back here with the supplemental resolution once we had active bids in hand because we didn’t know how much the bond issue was going to pay,” said Stump, “Now the supplemental resolution itself does have property restrictions attached … so that does fill out the specific location” for the facilities.

    During the public forum portion, several individuals agreed that the location of the recreation center in Parkersburg City Park would be an asset to the community.

    (Photo by Art Smith)
    A person walks by the pavilion in Parkersburg City Park Tuesday. The pavilion is set to be torn down soon to make way for a 47,000-square-foot recreation center.

    “There’s been lots of plans and revisions and the whole project … has been funded in a fiscally sound way,” said Dan Stevens, a Parkersburg resident, “I believe in looking at this project as a glass that is half full. I’m excited about the project and as a citizen, taxpayer and a landowner who loves this city … it’s time to go forward.”

    At the park Wednesday, Vincent resident Kim Pepper said her goodbyes to the pavilion.

    “I grew up in Florida but we would come visit my grandparents who lived over here,” said Pepper, “It’s sad, but it’s in bad shape … hopefully (the recreation center) will be a good, safe, clean place for kids to do fun activities and stay out of trouble.”

    Passage of the resolution clears the way for the nearly 100-year-old facility to be torn down. Mayor Tom Joyce said items that are being kept have been removed from the building, and workers with Jimmie Harper Construction were at the facility Tuesday and Wednesday preparing for the demolition, which is expected to start soon, although a specific date has not been announced.

    Also during the public forum, two individuals from Parkersburg’s First Stigma Reduction spoke to bring awareness to harm reduction resources in the Mid-Ohio Valley. Parkersburg’s First Stigma Reduction is a nonprofit organization that aims to “clean up the community” according to Ellisha Seabolt.

    “Our mission is to provide stigma-free support and harm reduction services, education and resources to individuals affected by addiction to promote long-term recovery within our community,” she said.

    Within the first month of the group’s existence, they held an event called “Save a Life Day” where they distributed Narcan and Fentanyl test trips to the community, Seabolt said. Additionally, they provided 90 meals, along with Narcan kits, to families in need. Parkersburg’s First Stigma Reduction also collaborates with recovery homes and treatment centers to create a support network for those in recovery and were able to refer two individuals to treatment services for substance use issues. Seabolt and Sara Smith said they attended the meeting to highlight a need to receive funding and support from the city to continue their mission of assisting the community. More information on Parkersburg’s First Stigma Reduction is available via email parkersburgstigmareduction@gmail.com or on Facebook.

    The Washington County Commission approved several additional appropriations and transfers Thursday.

    The …

    O’Neill Center Activity Schedule for Oct. 14-18:

    Monday, Oct. 14

    ¯10 a.m. – Chair Exercise

    ¯11:30 a.m. – …

    Saturday

    ¯Cultural Caravan Bus Tour: Exploring Ohio’s Arts and Crafts Heritage, 8-7 p.m., Marietta College …

    Marietta has been added to the Ohio Historical Underground Railroad Trail as of last month.

    Gov. Mike DeWine, …



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    A Well-Priced Option for Investment-Grade Bonds

    December 22, 2025

    Investment, Tax Benefits, and Long-Term Growth

    December 20, 2025

    How to Calculate Convexity Adjustment in Bonds, with Formulas

    December 19, 2025
    Leave A Reply Cancel Reply

    Top Posts

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023

    7 Best Leveraged ETFs for December 2025

    December 20, 2025
    Don't Miss
    Mutual Funds

    Why Are Debt Funds Regaining Relevance In FY26?

    December 22, 2025

    From a broader perspective, Jangam expects inflation to remain benign into 2026, keeping monetary conditions…

    DSP MF launches Nifty 500 Index Fund and Nifty Next 50 ETF

    December 22, 2025

    A Well-Priced Option for Investment-Grade Bonds

    December 22, 2025

    SEBI mutual fund expense ratio changes 2025: From BER to TER, know how your MF investment will be impacted

    December 22, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Eat, Sip, Shop: Couple opens restaurant at familiar spot, where they found love years ago | Eat, Sip, Shop

    October 19, 2024

    Gold vs Gold ETFs: Which Investment Option is Right for You?

    March 30, 2025

    Enduring Bonds | Gonzaga University

    July 2, 2024
    Our Picks

    Why Are Debt Funds Regaining Relevance In FY26?

    December 22, 2025

    DSP MF launches Nifty 500 Index Fund and Nifty Next 50 ETF

    December 22, 2025

    A Well-Priced Option for Investment-Grade Bonds

    December 22, 2025
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹10,000 monthly SIP in this mutual fund has grown to ₹1.52 crore in 22 years

    September 17, 2025
    © 2025 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.