July 23, 2014 at 2:10 p.m.
County funds will be re-paid
The Jay County Building Corporation met briefly this morning to declare its intent to reimburse the county for money spent on preliminary work on jail expansion.
The building committee board adopted a reimbursement resolution stating that once the corporation secures financing for the Jay County Jail expansion project, that it will reimburse county funds that were used to pay for things such as architectural fees and environmental testing.
"The county has been paying some bills, so we want them to be reimbursed" said attorney Sue Beesley, who had the Jay County Commissioners sign a similar resolution on Monday. "We had both of you do it to cover all our bases."
Jeff Badders of SchenkelShultz also took a few minutes to update board members on the progress of the expansion plans, and said project designs are about 50 percent completed at this time.
Analysts will be looking over the architect's drawings and figuring an approximate "hard" cost for the project, which covers figures associated with the construction only. That figure has been ball-parked around $6.8 million during preliminary work.
The additional $3.5 million in the bond total will be used for "soft" costs including things such as testing, staff and interest during construction
The county is continuing to push toward getting bids out during the spring, Badders said, since economic factors are "all really favorable" for construction. County officials will attempt to lock in the best interest rate, since interest is one of the highest costs associated with the project.
Badders has said in past weeks that May 8 is a possible target date to start bidding.[[In-content Ad]]
The building committee board adopted a reimbursement resolution stating that once the corporation secures financing for the Jay County Jail expansion project, that it will reimburse county funds that were used to pay for things such as architectural fees and environmental testing.
"The county has been paying some bills, so we want them to be reimbursed" said attorney Sue Beesley, who had the Jay County Commissioners sign a similar resolution on Monday. "We had both of you do it to cover all our bases."
Jeff Badders of SchenkelShultz also took a few minutes to update board members on the progress of the expansion plans, and said project designs are about 50 percent completed at this time.
Analysts will be looking over the architect's drawings and figuring an approximate "hard" cost for the project, which covers figures associated with the construction only. That figure has been ball-parked around $6.8 million during preliminary work.
The additional $3.5 million in the bond total will be used for "soft" costs including things such as testing, staff and interest during construction
The county is continuing to push toward getting bids out during the spring, Badders said, since economic factors are "all really favorable" for construction. County officials will attempt to lock in the best interest rate, since interest is one of the highest costs associated with the project.
Badders has said in past weeks that May 8 is a possible target date to start bidding.[[In-content Ad]]
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