County Board Approves Debt Certificate to Repair Campbell Building

February 13, 2017 By Jim Muir Leave a Comment

The old Campbell Furniture building the county is going to use for additional office space. (Benton Gazette photo(

The old Campbell Furniture building the county is going to use for additional office space. (Benton Gazette photo)

Benton, IL (William McPherson- Benton Gazette. Click on link to read the full story. Here is an excerpt.) – The Franklin County Board approved a $550,000 debt certificate last Monday to use in renovating the Campbell Building. Work has already begun on the renovation process at the building, which will replace the current County offices at the Annex Building on West Main. “We have two more payments on our current loan. Once this is paid off our new loan will be lower than what our current loan is,” County Treasurer John Gulley added. “We originally talked about refinancing our existing loan to do that, but now we just decided to go ahead and pay this one off and take out a new one.” “On the annual debt service on these new debt certificates it will be $43,000 a year, which is $14,000 less per year than what our current debt certificates are. So in the long run we’re paying about $14,000 less than what we’re paying right now,” Gulley said.

Filed Under: Breaking News

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