(KLZA)-- The City of Auburn is paying off more debt early.

Monday night Council members voted to pay off $115,000  in principal on bonds for a 2010, asphalt overlay project. That will save the City five years of payments in the neighborhood of $20-25,000.

The Council also approved guidelines for the Community Development Block Grant,  for phase II of the Downtown Revitalization Program. Once the applications are finalized they can be picked up at City Hall or will be available on the City of Auburn website. 

One grant that is expected to be approved, is to help pay for the demolition of a property at 1918 O Street that was gifted to the City. The longtime vacant property is beyond repair and is on the Courthouse Square.  The City will have the house razed, clean up the site and then auction it off to get it back on the tax rolls.  

Mayor Kudrna expects the cost to the City to be minimal.