Posted on November 6, 2018
Author Jacque Ryan, WKVI
North Judson Town Council members were required to make an amendment to the Town’s 2018 water revenue bonds ordinance when they met Monday night.
As previously reported, the Town is funding their drinking water project with money from a State Revolving Fund (SRF) loan. When members initially passed the water revenue bond ordinance, they included the anticipated interest rate which was 3.25 percent.
However, when the Town submitted a request for the loan, they were not accepted in the round they applied for. Instead, they were placed into a category where they would receive funds from a public pool of money. This resulted in an increased interest rate.
Town Attorney Justin Schramm told the town council members on Monday that they just needed to pass an ordinance that would amend that interest rate in the ordinance to reflect the new amount.
Clerk-Treasurer Andrew Rowe noted that the rate was first going to be 4.25 percent. He said after some negotiations, that percentage was brought down to about 3.55 percent.
Members voted to introduce the ordinance. They then unanimously approved a motion to suspend the rules that call for a second and third reading and went on to adopt the ordinance which amends the rate. The 3.55 percent rate is what appears in the amended water revenue bonds ordinance.
Showing posts with label Drinking Water Project. Show all posts
Showing posts with label Drinking Water Project. Show all posts
Tuesday, November 6, 2018
Wednesday, May 23, 2018
North Judson Town Council Secures Administration Services for $550,000 Community Block Development Grant
Posted on May 23, 2018
Author Jacque Ryan, WKVI
The North Judson Town Council members secured administrative assistance related to their $550,000 OCRA grant at their Monday night meeting. KIRPC Representative Shawn Cain presented a proposal for administrative services for the Community Development Block Grant funds that will be used for the town’s Drinking Water Project.
In previous meetings, Town Superintendent Marshall Horstmann has shared that the Drinking Water Project includes adding a backup generator for the water system to address an Indiana Department of Environmental Management (IDEM) requirement, rehabilitating some of the town’s wells and conducting external and internal upgrades to both water towers to bring them up to Occupational Safety and Health Administration (OSHA) standards.
Aside from a services agreement, the proposal also included a letter stating that no other proposals were submitted and that the town has an existing working relationship with the organization, as well as a document requesting the environmental release.
Cain explained that everything has been submitted for the environmental review and now they’re waiting to hear back about. Cain said only Town Council President Wendy Hoppe signature was needed on that document. The expected date for the review to be returned is around June 13th and then the project can fully move forward.
She shared that she will keep in touch with officials through this process but her involvement will be more frequent once money comes into play.
She told members, “Once the project is ready to go to bid, that’s when you’ll see a lot more of my face and we will work toward taking care of the publication for the bid notice and everything of that nature.”
Members voted unanimously to accept the proposal. Cain mentioned that the proposal will go before the KIRPC Board of Directors their next meeting in order for it to be fully executed.
Author Jacque Ryan, WKVI
The North Judson Town Council members secured administrative assistance related to their $550,000 OCRA grant at their Monday night meeting. KIRPC Representative Shawn Cain presented a proposal for administrative services for the Community Development Block Grant funds that will be used for the town’s Drinking Water Project.
In previous meetings, Town Superintendent Marshall Horstmann has shared that the Drinking Water Project includes adding a backup generator for the water system to address an Indiana Department of Environmental Management (IDEM) requirement, rehabilitating some of the town’s wells and conducting external and internal upgrades to both water towers to bring them up to Occupational Safety and Health Administration (OSHA) standards.
Aside from a services agreement, the proposal also included a letter stating that no other proposals were submitted and that the town has an existing working relationship with the organization, as well as a document requesting the environmental release.
Cain explained that everything has been submitted for the environmental review and now they’re waiting to hear back about. Cain said only Town Council President Wendy Hoppe signature was needed on that document. The expected date for the review to be returned is around June 13th and then the project can fully move forward.
She shared that she will keep in touch with officials through this process but her involvement will be more frequent once money comes into play.
She told members, “Once the project is ready to go to bid, that’s when you’ll see a lot more of my face and we will work toward taking care of the publication for the bid notice and everything of that nature.”
Members voted unanimously to accept the proposal. Cain mentioned that the proposal will go before the KIRPC Board of Directors their next meeting in order for it to be fully executed.
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