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 →