CURRENT EVENTS & INFORMATION
ANNUAL JUNK DAY - SATURDAY, APRIL 25th - HAVE ALL ITEMS AT CURB BY 6:00 a.m.
CITY-WIDE SHREDDING DAY
Saturday, May 9th 10:00 a.m. to Noon
City Hall Parking Lot - 304 Whittington Parkway
For more information contact us (502) 426-4808
City of Hurstbourne Purchases New City Hall
April 2, 2015
for Immediate Release - Contact Person:
City Administrative Officer
The City of Hurstbourne purchased a building at 200 Whittington Parkway to use as its City Hall. The City has leased space for a City Hall since its incorporation in 1982. Until today, the City of Hurstbourne has been the only city leasing their facilities among those of similar size and classification in Jefferson County.
Over several years, the City of Hurstbourne Commission evaluated various locations in search of a facility: 1) best suited for public use 2) for the lowest possible operational expenses and 3) where it makes prudent financial sense to invest City assets. The 200 Whittington Parkway building meets all of the above listed criteria.
The space designated for use as the City Hall will meet all present needs for public meetings, staff office use and general storage. The 3,900 square feet of office space will also allow room for additional uses, as needed.
The current lease income from the other tenants in the building should be greater than the monthly operational expenses.
Investment of Assets
In the case of a municipality, state law restricts the types of investment products that permit governmental entities to invest taxpayer money. Any investments must be secure and financial institutions must provide additional backing over and above FDIC insurance limits to protect public funds. In the current financial climate, these kinds of investments are not bringing sufficient rates of return. Therefore, the Commission thought it prudent to use some of the surplus to eliminate the $40,000 in rent paid each year. Therefore, after careful analysis, the decision was made to invest in the future.
The move date to the new City Hall has not been established but should take place within the next six months.
The City of Hurstbourne has a population of approximately 4,500 citizens. Hurstbourne is bounded by Shelbyville Road to its north, Hurstbourne Parkway to its east, I-64 to its south and Oxmoor Farm and Oxmoor Center to its west.
MARCH 2015 NEWSLETTER IS HERE!
Click on link below
MARCH 2015, NEWSLETTER
YARD SALE - FRIDAY JUNE 12 & SATURDAY JUNE 13
Do we have your current contact information?
PLEASE MAKE SURE WE HAVE YOUR CURRENT ADDRESS. IF YOU HAVE RECENTLY MOVED TO THE CITY OF HURSTBOURNE PLEASE CONTACT US!