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Tippecanoe County Council approves $1 million loan to Clarks Hill and multiple appropriations
Summary
At its Nov. 12 meeting the Tippecanoe County Council approved a $1 million rainy-day loan to the town of Clarks Hill for wastewater upgrades and a series of budget appropriations — including $135,000 for Superior Court 3 and $30,000 for inmate medical needs — all by voice vote.
Tippecanoe County Council on Nov. 12 approved a $1 million loan from the county's rainy-day fund to the town of Clarks Hill to finance design, permitting and bidding for upgrades to the town's wastewater treatment plant.
"We're before you today requesting an additional appropriation of a million dollars from rainy day fund to, serve as a loan to the town of Clarks Hill," a county commissioner said during the meeting, describing a three-payment repayment schedule expected after the town secures long-term financing. County legal counsel added that the loan documents mirror prior agreements and include a one-year backstop that would allow…
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