Medaryville Town Council Still Weighing Options for Water Tower Financing

Discussion about how to pay for a new water tower continued during last week’s Medaryville Town Council meeting. Bids for the construction of a water tower across the street from the town hall came in much higher than expected. Now, town officials are considering three financing options to fill a funding gap of more than $200,000.

Clerk-Treasurer Judy Harwood says no decision was made last week, but council members appeared to be favoring the State Revolving Fund Loan Program or Lake City Bank. Pursuing financing from the Indiana Bond Bank also remains an option.