Butler County commissioners approved an amended resolution allowing issuance of taxable industrial revenue bonds for a Blue River Valley commercial facility after the project’s estimated cost rose to about $25 million.
Ryan Atkinson, county finance director, told the board that the Blue River Valley project — which involves rehabilitating an old refinery tank near Pot and adding pumping capacity and terminals — had previously been the subject of two resolutions (sales tax and property tax intent) and that the company requested the county increase the IRB authorization because the overall project estimate increased from $16.5 million to roughly $25 million.
Phil Meir, representing Blue River Valley, said the company expects to begin operating in October and had experienced equipment backorders and cost increases tied to recent market conditions. “We’re pretty excited about what that’s going to do and pretty excited about getting open,” Meir said, adding the loading facility was complete and testing with fuel was planned.
County commissioners moved to approve Resolution 25-38, an amendment to the original resolution authorizing issuance of taxable IRBs to finance acquisition, construction and equipping of the commercial facility, and authorized execution of related documents. The motion passed unanimously.