MAYOR'S OFFICE |
Home > City Hall > Mayor's Office |
| |
|
| |
 |
| |
Mayor Ted Andrzejewski |
Mayor of Eastlake Ted Andrzejewski
Mayor Ted Andrzejewski has been Mayor of Eastlake since he was elected in 2004. He was re-elected to the Mayor's Office in 2005 and again in 2009. In a short time, Mayor Andrzejewski has had to deal with managing considerable responsibility with limited resources. He enjoys his role as Mayor and claims to be in the job for the long haul.
Mayor's February Report
Dear Residents:
So far this winter we have been very lucky with the mild weather. It helps save the city money on both the cost of salt for the roads and for the cost of overtime for our employees to plow the streets. We will continue having Service Department employees on all three shifts to be available for plowing as the snowstorm occurs. We also have some employees on duty from Tuesday thru Saturday as well as Monday thru Friday.
In December we refinanced $9.5 million of Stadium debt to take advantage of the low interest rates. The result is a savings to the taxpayers of $756,000 or $47,250 per year. This did not extend the length of time to pay off the loans which will be paid off in 2027. Similar to a home refinancing we saved money by getting a lower interest rate on the $9.5 million of bonds. When I became Mayor I indicated that we were going to manage the stadium debt and over time reduce the debt as best as we can. With this latest refinancing we have reduced the Stadium debt from a starting point of $48 million which includes the interest on the bonds to total remaining of $19.4 million. This represents a 60% reduction in the stadium debt. In 2003 we had to use $1.3 million each year out of the general fund to pay the loans .That number is now down to $580,000 per year. It is still quite a bit of money but it is certainly better than where we started. Mike Slocum, our Finance Director, did an excellent job of putting together the paperwork and numbers to get the refinancing accomplished. We will continue to look for ways to reduce the Stadium debt in future years.
Many residents have asked for an update on the new Super Walmart that will be built at the old Kmart property. The project is proceeding and the Walmart representatives have told me that they will go out for bid on a General Contractor for the project in late February. The general contractor will then begin the work to hire contractors both to tear down the existing building and then to build the new Walmart. I will keep our residents informed as the project moves forward.
Until next month stay warm and enjoy the winter sports.
Thank you,

Mayor Ted Andrzejewski
Archived Mayor's Reports:
February 2012 
January 2012 
December 2011 
November 2011 
October 2011 
September 2011 
August 2011 
July 2011 
June 2011 
May 2011 
April 2011 
March 2011 
February 2011 
January 2011 
December 2010 
November 2010 
October 2010 
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009 
October 2009 
September 2009 
August 2009 
July 2009 
June 2009 
May 2009 
April 2009 
March 2009 
January 2009 
December 2008 
November 2008 
October 2008 
September 2008 
August 2008 
July 2008 
January 2008 
December 2007 
September 2007 
August 2007 
July 2007 
June 2007  |