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RDC approves bond payment claim, $5,007.75 attorney fee transfer and accepts financial reports
Summary
The commission approved payment of the Cook bond claim due Aug. 1, authorized a $5,007.75 transfer to reimburse county attorney fees, and accepted account statements and financial summaries, including a spring TIF settlement of $114,703.12.
The Owen County Redevelopment Commission approved routine financial claims including the upcoming Cook bond payment and an internal transfer to reimburse attorney fees, and accepted financial reports covering account balances and recent TIF receipts.
The commission approved two claims related to debt service that the chair described as "$83,000. That includes $50,000 of principal, interest of $33,000," and noted an administrative trustee fee of $1,175 due to People's State Bank. A motion to approve the bond and associated claims was made, seconded and approved.
Commissioners also approved a transfer to reimburse the county $5,007.75 for legal fees paid by the county on behalf of the RDC; the chair said the payment was "presented to me this morning" and asked whether the commission preferred to defer approval for further review, but the board voted to initiate the transfer so the county will be reimbursed.
Staff presented a summary of account balances as of May, including totals and year‑to‑date interest figures, and noted a spring TIF property‑tax settlement deposit of $114,703.12 that had arrived on June 4 and would not yet appear on the May bank statement. After reviewing the packet and bank statements back to January, the commission voted to accept the financial reporting as presented.
No additional claims or unusual financial commitments were approved at the meeting.
