July 23, 2014 at 2:10 p.m.
Hearing set on school bond issue (05/17/07)
By By JENNIFER TARTER-
A public hearing on a proposal to issue bonds for as much as $3.5 million to construct a multipurpose facility/auxiliary gym at Jay County High School is set for Monday.
The Public Law 1028 hearing is set to begin at 6 p.m. at the corporation administrative offices, 404 E. Arch St., Portland.
School board members will discuss the need for a building of between 27,000 and 42,000 square feet that would serve a number of functions, including athletic practice space and as an indoor space for marching band practice.
Construction plans will be presented by Barton, Coe, Vilamaa Architects and Engineers of Fort Wayne and information on how the project will be funded, the tax impact and payment options will be discussed by Sid Baker of City Securities Corporation of Indianapolis, Long added. Bond counsel will also be in attendance.
In addition to the potential bond issue, the school board has accumulated $500,000 in the school system's capital projects fund for the facility. An additional $250,000 from that fund could be available before the construction is complete.
After the construction and financial plans are discussed, the public will be given a chance to speak on the proposed project.
Following public comments, the board is expected to vote on whether to move forward with the project.
If board members give the project a thumbs up, they can hold a preliminary determination hearing. During this hearing, a cap could be set on the amount of funds that will be used for the proposed project.
If the project receives board approval, Jay County property owners will have 30 days to file a petition to request the application of a remonstrance, according to Jay County auditor Freda Corwin. Such a petition requires 100 signatures and must be turned in to the county auditor's office, where each name on the petition will be verified as a property owner. These officials are given 30 days to verify this petition.
If there is a remonstrance petition, following that 30-day period, a petition drive can begin, where parties on both sides of the issue collect signatures from Jay County taxpayers. At the end of the drive, the winner is decided by which party has the most signatures on their petition. Again, these petitions will be turned into and verified by the county's auditor's office.
The board's regular monthly meeting will follow the hearings on Monday.[[In-content Ad]]
The Public Law 1028 hearing is set to begin at 6 p.m. at the corporation administrative offices, 404 E. Arch St., Portland.
School board members will discuss the need for a building of between 27,000 and 42,000 square feet that would serve a number of functions, including athletic practice space and as an indoor space for marching band practice.
Construction plans will be presented by Barton, Coe, Vilamaa Architects and Engineers of Fort Wayne and information on how the project will be funded, the tax impact and payment options will be discussed by Sid Baker of City Securities Corporation of Indianapolis, Long added. Bond counsel will also be in attendance.
In addition to the potential bond issue, the school board has accumulated $500,000 in the school system's capital projects fund for the facility. An additional $250,000 from that fund could be available before the construction is complete.
After the construction and financial plans are discussed, the public will be given a chance to speak on the proposed project.
Following public comments, the board is expected to vote on whether to move forward with the project.
If board members give the project a thumbs up, they can hold a preliminary determination hearing. During this hearing, a cap could be set on the amount of funds that will be used for the proposed project.
If the project receives board approval, Jay County property owners will have 30 days to file a petition to request the application of a remonstrance, according to Jay County auditor Freda Corwin. Such a petition requires 100 signatures and must be turned in to the county auditor's office, where each name on the petition will be verified as a property owner. These officials are given 30 days to verify this petition.
If there is a remonstrance petition, following that 30-day period, a petition drive can begin, where parties on both sides of the issue collect signatures from Jay County taxpayers. At the end of the drive, the winner is decided by which party has the most signatures on their petition. Again, these petitions will be turned into and verified by the county's auditor's office.
The board's regular monthly meeting will follow the hearings on Monday.[[In-content Ad]]
Top Stories
9/11 NEVER FORGET Mobile Exhibit
Chartwells marketing
September 17, 2024 7:36 a.m.
Events
250 X 250 AD