North Judson Town Council members considered a couple of ordinances Monday night related to the future water and wastewater projects.
Since the Town won’t be issued bond funds until the start of next year, officials have to establish a way to pay for preliminary project costs in the meantime. Continue reading
North Judson Town Council members will save some money on their railroad insurance payments after approving a recommendation made by Clerk-Treasurer Andrew Rowe at their meeting last week.
Rowe first brought this idea up when the payments began but he did some additional research on the payment methods and coordinated with President Wendy Hoppe about the matter prior to bringing the suggestion before the council. Continue reading
The cumulative railroad revenue fund was established through an ordinance passed by the North Judson Town Council at their last meeting in September. The ordinance was passed in order to switch over the $94,820.19 in the previous railroad fund to the newly established account.
Clerk-Treasurer Alicia Collins alerted the council Monday night that the State Board of Accounts said she needed council approval before any funds could be transferred.
She informed them that the old railroad fund, as well as their credit card is currently at First Farmers Bank and Trust, while their general account is at First National Bank of Monterey. She asked the council whether they wished to move all the money in the old rail road account over to the First National Bank of Monterey or if they wanted to close out the old railroad account and start the cumulative railroad revenue fund at First Farmers Bank and Trust. Continue reading
The North Judson Town Council is scheduled to hold a public hearing for their proposed 2018 Budget when members meet tonight at 6:30 p.m. According to Indiana Gateway, the budget estimate submitted for the general fund is $728,584, while the total estimated budget amounts to $983,546.
The meeting agenda states that council members will discuss the railroad bank account that was established during a meeting in September. At that meeting, they passed an ordinance designating an account where all funds railroad related would go. That includes money set aside for renovations as well as revenue received from the railroad company. Continue reading
During the North Judson Town Council meeting last night, board members approved an ordinance establishing a cumulative railroad revenue fund for future payments from the railroad company and to transfer the money from the existing railroad capital improvement fund.
In the settlement agreement between the Town of North Judson and Chesapeake and Indiana Railroad Company (CKIN), it was arranged that the town will receive quarterly payments from the railway operator based on and coinciding with railroad traffic. A fund needed to be established in order to put those payments somewhere under the new agreement. Continue reading
