The Town Council of the Town of Merrillville voted unanimously on Ordinance 25-34 to appropriate $5,000,000 in general-obligation bond proceeds for building and infrastructure improvements, security equipment and vehicle purchases.
Town Manager Michael Griffin said the funds will be used for a range of capital needs, including town hall roof improvements, gateway and park signs, cameras and other security equipment, and vehicles and software for parks and planning staff. Griffin told the council the ordinance identifies the appropriation needed so the town can move to final sale and settlement; he said the town hopes to sell and settle the bonds on Dec. 17.
Griffin explained how the debt will be repaid: ‘‘This is called Article 13 debt,’’ he said, and noted municipalities repay these bonds with a property-tax levy spread across the town’s tax base. He said the planned $5 million issuance is within the town’s legal capacity and that staff have worked with bond counsel and the clerk‑treasurer to prepare the financing.
The ordinance passed on second reading by roll-call vote, recorded as seven in favor, zero opposed. Clerk‑Treasurer Mister January conducted the roll call and confirmed the unanimous tally.
Next steps: with the ordinance approved the council authorized the town to proceed with the bond sale and related closing steps; Griffin said staff and bond counsel will complete sale documents and scheduling toward the tentative Dec. 17 settlement.