Wednesday, May 23, 2012

Delaware County Council Approves Bonds for Projects

From the Muncie Star Press:

Members of Delaware County Council ... members split on a request to approve $3.2 million in bonds to cover the local portion of a rail spur for the Park One/332 industrial park as well as a sewer upgrade for that same park that would serve the needs of Mursix Corp., a rapidly growing manufacturer.

Council Republican Ron Quakenbush ... and fellow Republican Rick Spangler ultimately voted against the first reading of the $3.2 million request, which passed with four votes since council President James King was absent.

Council members likewise threw up a red flag on a request to approve for $2.2 million in revenue bonds for Brevini after three members said they hadn't received sufficient information. Brad Bookout of the Muncie-Delaware County Economic Development Alliance asked council members to consider calling a special meeting to act on the request.
...

Council members were told that even if Brevini and other ventures at Park One failed, the impact on local property taxes would be 2.3 cents per $100 of assessed valuation.

http://www.thestarpress.com/apps/pbcs.dll/article?AID=2012205230339