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The Rolla Daily News - Rolla, MO
  • Extension Council districts reduced to 2; FCNB wins bid to hold CDs

  • There is now one less Phelps County University of Missouri Extension Council district, after the Phelps County Commissioners approved a redistricting motion at their meeting Thursday.
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  • There is now one less Phelps County University of Missouri Extension Council district, after the Phelps County Commissioners approved a redistricting motion at their meeting Thursday.
    In the past, council members have been elected from three districts in the county — Rolla, East District, West District — but the motion approved by commissioners reduces the number of districts to two that will mirror the Phelps County Commission districts.
    Chantae Alfred, Phelps County Extension program director, said the decision to reduce districts was recommended to make it easier to find candidates to fill seats on the council in the elections.
    The commission then made a motion that because of the redistricting, in even-numbered years, there would be two council members elected from each district and in odd-numbered years, there would be three members elected from each district.
    The only exception to this rule would be the 2014 election, in which two 2-year offices and one 1-year office from each district would be voted upon.
    The Extension Council also approved the changes to the elections at its June 10 meeting.
    This means each district would have five members represented on the council for a total of 10 elected members by March 2014. This would be a reduction from 11 members.
    There are also an additional four appointed members to the council.
    Certificates of deposits
    Also at Thursday’s commission meeting, the commissioners selected First Community National Bank (FCNB) to award a $2,425,000 county investment in a six-month certificate of deposit.
    FCNB was one of four banking institutions to submit bids. The others were Mid America Bank and Trust Co., which currently holds the county’s funds until July 1, as well as Phelps County Bank and US Bank.
    Central Federal Savings and Loan, Mid Missouri Credit and Town and Country Bank all sent letters declining to bid.
    The commissioners awarded the six-month bid to FCNB on an annual percentage yield (APY) of 0.35 percent. While FCNB also submitted a 12-month rate of .41 percent, commissioners felt that by December, they could possibly get higher returns if they sought bids then.
    The bids submitted by the other banks were as follows:
    Mid America Bank and Trust Co. — 0.2 percent for six months, 0.4 percent for 12 months
    Phelps County Bank — 0.2 percent for six months, 0.3 percent for 12 months
    US Bank — 0.07 percent for six months and 0.11 percent for 12 months.
    County Treasurer Carol Green said Mid America was holding the county’s funds on 0.7 percent APY rate.
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