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Kosciusko County Council approves Syracuse Public Library bond resolution, 4–3
Summary
After a public hearing, the Kosciusko County Council on Jan. 8 approved a resolution allowing the Syracuse Public Library to seek up to $7,385,000 in bonds for a new, ADA‑accessible facility; councilors debated tax impacts and pending state legislation before the 4–3 vote.
The Kosciusko County Council voted 4–3 on Jan. 8 to approve a resolution enabling the Syracuse Public Library to issue bonds not to exceed $7,385,000 to fund a new library building and related project costs.
Bond counsel Sarah Correll of Ice Miller told the council the debt would be separate from the county's general obligation limit and would be repaid by the library district. Lisa Huntington of Baker Tilly presented a conservative financing estimate that the debt service would add about 4¢ per $100 of assessed value; for a…
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