12-24-2009

Christmas Eve

CITY COUNCIL SPECIAL MEETING

 

After and hour and a half discussion, mostly between engineers and councilmen, the Greenville City Council Tuesday night came to a consensus to go ahead with engineering work for the entire renovation of 4^th Street from Franklin to Route 40. WGEL talked to City Manager Dave Willey, “There was a whole lot of discussion, we had some decisions to make on how to fund the South 4^th Street improvements and how to fund this years road project, and the council is looking at a whole slue of opportunities for that and it is not clear yet where we are going to land.”  We’ll have a complete set of plans to go from Franklin to Route 40 on 4^th Street, with both storm sewer, sidewalk, and road way. So we will have finished plans ready to go no matter what direction we intend to take.”  

BELFRY PROPERTY

 

You may have noticed the old Belfry building is being torn down. The Belfry was originally a motel and in later years was an antique and collectibles store. Local businessman Dave Bearley recently bought the property. WGEL talked to Dave about his plans for that commercial location. “we're trying to get it cleaned up, and just make it look a little bit better out here. We’re not going to do anything with it right now, it’s just our personal property, but I’m not going to rule anything out. But for right now we are just going to clean it up and make sure no body gets hurt out here.”

ILLINOIS REACHES SETTLEMENT

 

Attorney General Lisa Madigan announced that a settlement agreement has been reached with Oppenheimer Funds Inc. to resolve an investigation into the company's management of the underlying funds in the state's 529 college savings plan, Bright Start. According to the terms of the settlement, Oppenheimer has agreed to pay Illinois 77.23 million, which will be distributed to the eligible Bright Start account holders. Illinois is the first of many states to execute a final settlement agreement with Oppenheimer.