Plans are in the works for a changing of the guard at Spencer T. Olin Community Golf Course.
STO LLC, a group of area businessmen, is looking to lease the course. The current management, Century Golf Partners Management, announced earlier this year it had no plan to renew its lease with the city when it expires in 2018.
The city must publish an intent to enter into a lease with the new company for 15 days prior to taking action, and the City Council temporarily suspended an action to move forward with that publication during its meeting on Wednesday, making the end of April the soonest that plans could move forward.
STO LLC also recently purchased Rolling Hills Golf Course in Godfrey.
The city has approved a resolution to seek qualified consultants to assist with proposed modifications to the 2003 Solid Waste Management Agreement related to the old Alby Quarry, 1627 Alby St.
The city says it has no plans to allow the location to become a garbage dump. Currently, Alby Quarry is not operating and has no business license.
Bernardi Securities Inc. Vice President Stephen Adams delivered a presentation to City Council regarding the city’s decision to refinance general obligation bonds dating back to 2004 in total of $3,515,000.
“The purpose of these bonds was to refund the currently outstanding 2004 bonds for interest savings,” Adams said during the City Council’s meeting Wednesday. “The rates were a little higher on these 2004 bonds, and with the rate requirement we are in now we could refund these for significant savings.”