Heitersheim is in debt again for the first time in 18 years and has now decided with whom. The city is planning investments of a good 10 million euros next year (the largest chunk is the purchase of the Maltese Castle for 5.28 million euros including ancillary costs). A loan of up to 3 million euros is planned, the head of the accounting office, Matthias Segeritz, obtained daily updated offers for the last meeting of the municipal council. The cheapest came from LBBW: 2.69 percent interest with a term of 30 years and 3 percent repayment. All city councils agreed to take out the loan from LBBW. The city’s utility company takes out another loan of EUR 1 million from LBBW so that it can stay afloat and pay for shares in Badenova. Because the city’s own operation contributes 1.4 million euros to the core budget for the planned investments. Heitersheim contributed the money around ten years ago as an interest-bearing silent participation in Badenova, and the energy supplier paid it back to the utility company last year. The city decided to buy Badenova shares again, but because it needs liquidity, the company pays the 1.4 million (from profits and the reserve) into the core budget, and this time the share purchase is financed with the help of the loan.
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