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Council holds first public hearing on $7.4 million highway garage bond; adoption set for January
Summary
At the Dec. 10 meeting the council opened the first of two required public hearings on Bill 121-24, a proposed $7.4 million general obligation bond to fund an Alexander Road highway garage; counsel presented debt-service impact and remonstrance procedures.
The St. Joseph County Council held the first statutorily required public hearing Dec. 10 on Bill 121-24, a bond ordinance authorizing up to $7.4 million in general obligation bonds to finance a satellite highway garage and related site improvements on Alexander Road.
Catherine Fanello, serving as bond counsel, summarized the information required by Indiana law, including maximum principal ($7.4 million), estimated interest…
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