Today's News

Jail Bond Refinancing to Save Marshall County over $630,000

The Marshall County Commissioners received some good news this week.

County Attorney Jim Clevenger told the board members that the prospective sale of the jail bonds to refinance the previous bonds went really well. Lower rates and hard work by Umbaugh and Associates and County Auditor Penny Lukenbill helped save the county $639,000.

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Endowment Gift Lessens Burden on Davis Township Taxpayers

The new fire station will be built between the Starke County Fairgrounds and the Wayne Apartments in Hamlet.

The new fire station will be built between the Starke County Fairgrounds and the Wayne Apartments in Hamlet.

When the Davis Township Building Corporation met last night it was advised by the Starke County Community Foundation that the James Hardesty Endowment Fund would be providing $25,000 a year, for eight years, for the construction of the new firehouse and community building.

The Davis Township Advisory Board and Trustee, which met concurrently, were advised by Umbaugh Associates that the Hardesty eight-year annual gift will reduce the total amount of interest the corporation will have to pay for the bonding. Continue reading

Marshall County Commissioners Sign Papers for Movement in Jail Bond Refinancing

The Marshall County Commissioners approved the action of signing a preliminary official statement for Umbaugh and Associates in an attempt to move the refinancing of the 2006 jail bonds through at a quicker pace.

County Attorney Jim Clevenger told the commissioners that the paperwork is behind schedule, but he anticipated rates will be ideal for the county to move forward. It’s the hope of the commissioners and the county council to reduce the payments on the bonds each year through 2026. The county also wants to have flexibility to keep the funds in reserve to either pay off the bonds sooner or apply those funds for additional capacity at the jail or operational costs due to sentencing changes and the potential impact.

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Knox City Council to Move Forward with Refinancing Water Bonds

Knox City Council

Knox City Council

The Knox City Council will be considering refinancing the water bonds to save money over the life of the bonds.

Mayor Rick Chambers explained how much the city could save each year of the life of the bonds.

“We’re currently paying on two water bonds. The first one will be paid off in 2025 and we owe about $650,000 on that one. The second one will be paid off three years later in 2028 and we owe about $950,000 on that one – so, about $1.6 million. Right now we’re paying 4.75 percent interest on one and almost five on the other. Umbaugh believes we re-bond in the low threes. Over the life of 14 years, we could save about $150,000,” explained Chambers.

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Property Taxes Will Increase to Build Hamlet Fire Station

The new fire station will be built between the Starke County Fairgrounds and the Wayne Apartments in Hamlet.

The new fire station will be built between the Starke County Fairgrounds and the Wayne Apartments in Hamlet.

Davis Township property owners who live outside the Hamlet town limits will see a property tax increase of about 14-cents per $100 of assessed valuation to pay for the new 9,300 square foot, $750,000 fire station. That’s an estimate provided by officials with accounting firm Umbaugh and Associates during Monday’s public hearing on the project. Continue reading

Marshall County Government to Move Foward with Bond Refinancing

The Marshall County Commissioners and the Marshall County Council met in joint session Monday morning to discuss the possibility of refinancing the bonds the county took out when the Marshall County Jail was built back in 2006.

The bond for the jail project was roughly $15 million in 2006 and $11 million is still outstanding. The county is hoping to lower their payment of $1.2 million per year until 2026.

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Winamac Town Council Approves Sewer Rate Increase

Winamac Town Office

Winamac Town Hall

Sewer rates for Winamac Municipal Utilities customers will go up soon. The Winamac Town Council on Monday approved a rate increase to offset what Eric Walsh with accounting firm Umbaugh and Associates says is a significant drop in revenues since 2011.

“Your revenues have decreased somewhere in the neighborhood of $80,000 to $90,000 on an annual basis,” Walsh told the council. A lot of that drop is due to a change in state law that caps the surcharge amount for customers outside the incorporated town limits. They were paying 50-percent more, but the town had to drop that to 15-percent last year to comply with the law. “There’s a portion of it due to some of your larger users just aren’t using as much water, and therefore their sewage bills are going down as well. The lion’s share of it is the reduction that was made via state statute last year,” Walsh explained. Continue reading

Marshall County Commissioners Discuss TIF Expansion in Culver

Phil Faccenda, Jr. of Barnes and Thornburg of South Bend and Kathy Clark, President of the Culver Redevelopment Commission requested the Marshall County Commissioners to approve a resolution to include more properties into the Culver TIF (Tax Increment Finance) District.

Faccenda explained that the Culver Redevelopment Commission is going through a process of expanding the Culver economic development area one.

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Fire Pump Necessary for New Jail Facility

This building on SR 8 at CR 550 E will soon house the new Starke County Sheriff's Office and Detention Center.

This building on SR 8 at CR 550 E will soon house the new Starke County Sheriff’s Office and Detention Center.

The $29,000 to add a fire pump to the Starke County Sheriff’s Office and Detention Center was money well spent by the Starke County Building Corporation. The project to extend city water lines to the site east of Knox is finished, but the water pressure is still short of what is needed to suppress a fire at the facility. Building corporation members approved that expenditure last month in order to keep the project on track with the additional wiring that would be necessary for the installation. Completion of the new building is still scheduled next spring.

Meanwhile, the committee appointed last month to discuss future uses for the current jail facility is in the very early stages of exploring options. The building will have to be used for something within the scope of corrections since it was used as collateral for the bond to build the new structure. Continue reading

Medaryville Biodome Project Clears Procedural Hoops

Medaryville Town HallThe Town of Medaryville is a few steps closer to applying for a grant to offset the cost of a major project. They are looking to build a biodome structure into their current lagoons to meet Indiana Department of Environmental Management standards. Town Council President Derrick Stalbaum tells WKVI news the project will cost around $800,000. The town is applying for a $450,000 grant and hopes to fund the remaining $400,000 by selling bonds. As part of the grant process, an outside agency is completing an income survey of Medaryville residents. Stalbaum says they have already been contacting residents and asking the following questions:

  1. How many members are in your household?
  2. Do you have a total income of $38,000 or less?

Stalbaum stresses this information is necessary, as the town is applying for a need-based grant and needs to prove it qualifies. He encourages all Medaryville residents to cooperate and answer the questions honestly. Stalbaum adds door-to-door surveys will be conducted in a few weeks. Continue reading

Last Public Meeting Tonight For Starke County Jail Project

The last in a series of public meetings concerning the Starke County Jail project is tonight at 6 p.m. CT at the North Judson-San Pierre High School Auditorium.

The DLZ Corporation will provide construction options and Umbaugh and Associates will discuss the financing options.

In the first meeting, DLZ presented the jail committee and those in attendance with the proposal for a new 32,406 square foot jail facility that could be built on a site of anywhere from four to 10 acres, at an estimated cost of $14 million. Umbaugh and Associates revealed that in order to fund this project, the county would issue bonds with a 20 year maturity at $1.18 million annually. Income taxes would finance these bonds with an increase of 0.65 percent of adjusted gross income.

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Public Meeting Brings Community Up to Date On Starke County Jail Project

Starke County Jail

The first of three public information meetings regarding the construction of a new Starke County jail facility was held yesterday at the Knox Middle School, presenting those present with an idea of the progress of the committee and the findings of the DLZ Corporation and Umbaugh and Associates.

According to the information presented, the previously-mentioned option of doing nothing and maintaining the current facility as-is was found to be insufficient, as the current facility cannot maintain its current population and, with an increasing population trend, the overcrowding situation would only get worse. Additionally, remodeling an existing building to suit the needs of a modern jail is also not cost-sufficient, and would prove financially difficult for the county. Further, state statute prohibits the county from leasing a facility from a private organization, so that option is out as well.

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Starke County Jail Committee Holds Meeting

Starke County Jail

The Starke County Jail Committee recently met with representatives from the DLZ Architectural Firm, Skillman Corporation, Umbaugh and Associates, and Ice Miller Legal Councilors.

The next phase of the committee’s work is the data collection by Paul Downing of DLZ. Downing said after he collects the data, including jail bed needs, he will pass the information along to the architectural team.

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Knox Community School Facility Study Committee Moves Forward with Palmer Wing Discussion

The Knox Community School Facility Study Committee is going to meet with ICE Miller and Umbaugh and Associates this month to talk about what the school corporation needs to do in order to move forward with the Palmer Wing at the Elementary School. Superintendent A.J. Gappa says something needs to be done.

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Oregon-Davis Referendum Should Not Impact Circuit Breaker

The Oregon-Davis proposed operating referendum will not impact the Circuit Breaker if approved. That information was received yesterday from Curt Pletcher of Umbaugh and Associates in Plymouth.

“With a referendum, a school corporation would have a question on the ballot which would have a maximum tax rate,” explained Pletcher. “When a school really pursues an operating referendum, they look at their state support for their General Fund. If a referendum is passed, it is not subject to the Circuit Breaker caps. In other words, the levy would not impact the current Circuit Breaker tax credits for the school or the overlapping taxing units.”

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Knox City Council Discusses Water Rate Study

Back Row: Greg Matt, Mayor Rick Chambers, Clerk-Treasurer Jeff Houston, Donald Kring, City Attorney David Matsey. Front Row: Linda Berndt, Jeff Berg and Ron Parker

The Knox City Council discussed the need to do a Water Rates Study. Clerk-Treasurer Jeff Houston explained the situation to the Council.

“We’re asking Umbaugh to do a study on the last three calendar years to determine the trends and the amounts of revenue that we have for the operation, maintenance, cash expenses, debt service requirements in the water department. They will also come up with a capital improvement plan so that we know that we have enough money in the future to cover whatever we need.”

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Knox City Council to Consider Refinancing Community Center Bonds

Knox Community Center

Knox City Attorney David Matsey has informed Mayor Rick Chambers and the City Council members that he has been notified by Umbaugh and Associates that now might be the time to refinance the Community Center bonds. Umbaugh and Associates reported that the rates have gone down again.

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Starke County Jail Committee Holds Second Informational Meeting

The second informational meeting held by the Starke County Jail Committee was held last night in North Judson.

Those in attendance heard Todd Samuelson of Umbaugh and Associates talk about the funding of a new jail, using the figure $13.5 million. If property taxes were used to fund the project, the tax implication would be $.12 per $100.00 of net assessed value. The bond issue would be for a maximum of 20 years according to Samuelson. Some members of the committee said they are looking into a combination of property taxes and income taxes if a new jail were built.

The Jail Committee stressed that no decision has been made on whether to build a new jail, or not.

It was pointed out that Starke has the second oldest jail in the state with many problems arising over the past year.

The final information meeting will be tonight at the Oregon-Davis High School at 6:00 p.m.

Starke County Jail Committee Holds Public Meeting

Starke County Jail

A sparse crowd attended the first Starke County Jail Committee informational meeting at the Knox Middle School Cafeteria last night.

Sheriff Oscar Cowen addressed the needs at the jail and County Attorney Martin Lucas spoke on the impact a class action lawsuit could have on the project as it works its way through the court system. Starke County Council President David Pearman talked about the five options the committee is discussing.

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