Jail Bond Refinancing to Save Marshall County over $630,000


The Marshall County Commissioners received some good news this week.

County Attorney Jim Clevenger told the board members that the prospective sale of the jail bonds to refinance the previous bonds went really well. Lower rates and hard work by Umbaugh and Associates and County Auditor Penny Lukenbill helped save the county $639,000.

Clevenger reminded the commissioners that they weren’t going to go through with refinancing unless the county realized a savings of at least $350,000.

To move forward with refinancing, the commissioners ratified the bond purchase agreement to reflect the new rates.