The Oregon-Davis School Corporation is planning for upgrades to the schools’ heating and cooling systems. Superintendent Dr. Don Harman says the HVAC systems in both buildings are nearing the end of their lifespan.Continue reading
We may be several weeks into 2020, but the North Judson Town Council is still adding spending permission to the town’s 2019 budget. Almost $124,000 in 2019 additional appropriations was approved during last week’s meeting.Continue reading
The renovation of the Pulaski County Courthouse has taken another step forward. The county commissioners Tuesday agreed to hire Barnes & Thornburg as bond counsel and Baker Tilly as municipal advisor for the project.Continue reading
The Starke County Commissioners and Council considered moving the process of refinancing the 2013 jail bonds for the Starke County Justice Center during their meeting Monday night.Continue reading
Winamac property owners may see a bit of a tax increase next year. Clerk-Treasurer Melanie Berger told the town council Monday that the town’s cumulative capital development fund rate, which decreases over time, is now down to 4.23 cents. She said the town could bring in about another $5,300 by reestablishing it at the full five cent rate.Continue reading
Pulaski County officials are planning their next steps, when it comes to the renovation of the courthouse and expansion of the Justice Center. During a joint session with the county council Monday, the commissioners agreed to ask Rowland Design for a quote for final design work, since the company already did the preliminary plans.Continue reading
Financing for the proposed renovation of the Pulaski County Courthouse will be discussed during a joint county council and commissioners meeting tonight. County Attorney Kevin Tankersley and representatives from law firm Barnes & Thornburg will discuss bond counsel.Continue reading
An opportunity to lower the Starke County’s jail bond repayment continues to be researched by county government officials.Continue reading
A request to reduce the pump-and-haul rate the East Shore Corporation is paying the Town of Culver was tabled Monday night.Continue reading
The Knox City Council considered a resolution related to a newly established Tax Increment Financing area for the new cold brew coffee manufacturer expected to build a facility on Division Road.Continue reading
The Town of Culver is looking into the possibility of adjusting its storm water utility fees. The town council voted last week to have accounting firm Baker Tilly do a rate study, for a cost not to exceed $7,500.Continue reading
Starke County Council members are reviewing four options in an effort to save money on the 2013 Starke County Justice Center bond 2013 repayment.Continue reading
Progress in creating an East Shore Conservancy District in Culver is moving along.Continue reading
The Medaryville Town Council members made a decision this week on how to finance a shortfall in funding a new water tower.Continue reading
The Medaryville Town Council heard from a financial advisor with the accounting firm Baker Tilly when members met on Thursday.Continue reading
A committee to help establish an East Shore Conservancy District in Culver will meet soon with a financial advisor to move along in the process.Continue reading
Tax adjustments are still on the table in Pulaski County. The county council voted five-to-two Monday to pursue an option that would reduce the local income tax rate by 0.08 percent for 2020, while increasing property taxes on non-homestead property.Continue reading
The Medaryville Town Council members will be working with Jeff Rowe with accounting firm Baker Tilly to find options on funding a shortfall in the water tower project.Continue reading
Representatives from financial firm Baker Tilly presented bond refinancing information to the Starke County Council and Commissioners Monday night as the county has an opportunity to possibly save money on the 2013 jail bond repayment.
The county currently pays $1,070,000 annually on the $14 million bonds that financed the Starke County Justice Center construction project.
There were several cost-saving scenarios given to the county. The interest rates are lower which would free up annual cash flow. If the county decided to refund the bonds and keep the payments where they are, about $1.5 million would be generated in cash.
The current interest rate is about 3 percent and the rate would drop to 1.6 percent if the decision is made to proceed.
The bonds go through the year 2034.
The council members and commissioners took the information under advisement to take a closer look at what was presented. Council President Dave Pearman asked the Baker Tilly representatives to come up with a shorter repayment term just for another choice for the county leaders to consider to ensure they make the right, informed choice.
The Pulaski County Public Library will be able to issue bonds for lead dust and asbestos remediation. The county council passed a resolution Monday allowing the library to borrow $1.75 million, pending the review of County Attorney Kevin Tankersley. Of that, $1.45 million will go toward construction costs.Continue reading