The Shelby County Council approved two resolutions Tuesday evening – one pertaining to bonds for the Pleasant View area development, and one to recommend dissolving the Northwest Sewer District.
The first resolution approved an issuance of up to $8 million in bonds for the Pleasant View area development. The county’s financial advisor, Greg Guerrettaz with Financial Solutions Group, said he’s excited about this.
“I think there are lots more positive things that will be coming in the future,” he said. “This resolution approves the issuance of bonds up to $8 million, payable from certain income tax revenues, gaming revenues and local income tax revenues.”
The county established that area as a Tax Increment Financing (TIF) district, meaning there will eventually be money from that fund to pay off the bonds.
“The point there is that the developing is coming out of the ground, so we want to cover it to get the best credit rating and best overall rating and not have a risk to the county,” Guerrettaz said. “The plan is to have tax increment revenues to pay for it, that will be coming in over time.”
A $1 million contingency is included in that bond plan, to be used in case their is an additional cost.
This resolution will go to the commissioners for approval at the Oct. 5 meeting.
The council also approved a resolution to recommend dissolving the Northwest Sewer District to the Indiana Department of Environmental Management (IDEM).
The council asked if the public wanted to speak on that matter, and no member of the public spoke.
This follows the decisions of the commissioners and the city.
“This doesn’t automatically dissolve the district, it’s a recommendation that goes to IDEM, and at the end of the day, they make the decision to dissolve it,” Council President Tony Titus said.
The county is seeking to dissolve the district for a couple of reasons: first, the district is creating interference with the development projects of the Pleasant View area – including four businesses and a speculative warehouse – and second, because its hasn’t done anything in the 10 years its existed.
The council also approved a couple other items.
The council approved an additional appropriation to the highway restricted fund in the amount of $500,000 for pavings completed in 2021.
The council approved for Community Corrections to spend a $2,500 donation they received on their various programs.
The council also approved a permission to hire a full-time field officer/coordinator supervisor for Community Corrections. The position is already posted.
Community Corrections is seeking an officer with law enforcement or corrections experience already to fill that position.
Emergency Management Director Ryan Hansome told the council depending on how long the mask mandate continues, he may need to purchase more personal protective equipment (PPE). The prices of PPE keep changing, he added.
“I get a quote every two weeks, and they’re not consistent at all,” he said. “There’s no rhyme or reason.”
Hansome said he could probably get through the next 30 days. The council expressed concern about spending a bunch of money and then not needing to use all the PPE – certain equipment only has a two-year shelf life.
The council said they’d wait to decide until the Oct. 19 meeting and told Hansome if he ran out before then to give them a call.
Council member Ryan Claxton also recognized Council member Leigh Langkabel’s birthday.