Meeting in special session, the council approved the ordinances unanimously.
Interest rate is 3.6 percent, on an 18-year term. Mayor Raymond Harris said that will actually result in a lower payment than a previous bond issue the city paid off to clear the way for this purchase.
Councilmembers and the mayor also expressed concern that blocking of the Franklin Canal by the St. Mary Parish Levee District had not begun as of 6 p.m. Monday.
Though work had started this morning, they expressed that it seemed to be taking too long.
Harris said he had discussions throughout the day Monday with levee board chairman Bill Hidalgo and parish council President Paul Naquin and was told that work was being done on Yellow Bayou.
He was also told that some boats had left the Fairfax Foster Bailey Landing and had not yet returned.
Harris said he was bothered by “waiting until the last minute” on the part of the levee district.
“If they run into a problem and can’t get things into place people are going to be screaming and hollering,” Harris said.
Councilman Eugene Foulcard said he felt the closing should have been implemented Monday.
“All I can do is keep asking,” Harris said.
“I understand that (Harris) has no control over that, but the people don’t understand,” Councilman Dale Rogers said.
Harris agreed, noting that it is city officials who are bearing the brunt of residents’ worries.
“My fear has always been that we might wait too late to take action,” he said.