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Financial adviser outlines options for Moheede Dam repairs; design work would require about $532,000
Summary
A financial adviser told commissioners the Moheede Dam needs nearly $4 million in improvements and outlined funding options including Rural Development (unlikely), state revolving funds (not sized for project) and an open‑market general‑obligation bond; design work is estimated at about $532,000 and would be needed before construction.
A financial adviser briefed Blackford County commissioners on financing options for the Moheede Dam improvement project, saying engineers estimated the repair cost at just under $4 million and that the county must decide how to fund design work to keep construction on schedule.
Sean Pinebier of Pinebier Financial told the board that the county faces three basic paths: seek a subsidized loan from a federal or state program, pursue a Rural Development program (unlikely because the dam is rated moderate risk), or issue an open‑market general…
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