How Pulaski County would pay for the rehabilitation or replacement of the courthouse was discussed during Monday’s joint council and commissioners meeting.Continue reading
Knox Clerk-Treasurer Jeff Houston told city council members of a potential impact Knox Community School’s bond pursuance may have on the city’s budget.
At Tuesday’s meeting, Houston told members he was under the impression the school’s bond may affect the city’s circuit breaker tax caps but he wasn’t sure about how much of an impact it would have.
He explained that the Knox School Corporation has recently been going through a process similar to what the city did when they took on community center renovations where a bond is set up through a separate building corporation that then leases the building back to the entity. Continue reading
The Knox City Council got some more information Tuesday about how to pay for upgrades to the Nancy J. Dembowski Community Center. Continue reading
As the Winamac Park Board considers various upgrades to the town’s park facilities, board members are also learning about potential funding sources. Eric Walsh with accounting firm Umbaugh and Associates met with the park board Thursday to outline the steps for issuing bonds. Continue reading
During the Eastern Pulaski School Board meeting Monday evening, the board decided without any opposition to refinance the school’s pension bonds. Back in 2006, the state allowed schools to take out bonds to pay off their pension obligations, that money still needs to be repaid. With this resolution, the school will be taking advantage of lower interest rates to reduce the cost and still pay the bonds off in the same amount of time. Continue reading
Bids have been awarded, but now the Town of Culver is focusing on just how to fund upgrades to their water treatment facility.
The Culver Town Council has set a special meeting for June 2nd to adopt an ordinance allowing bonds to be issued to fund the $1.7-million. A separate ordinance specifying new rates for water consumption will also be introduced at the June 2nd meeting. The water rate ordinance will likely be adopted in mid-June.
Eastern Pulaski Schools are expected to take some action regarding their building project.
The School Corporation has been working for some time to update schools for improved safety upgrading restrooms, and replacing floors in the gyms. The project is estimated to cost about $14-million. Architectural plans were largely finalized in January. Continue reading