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Spencer County approves 0% $330,000 loan for animal shelter; award letter to builder presented but contract not acted on
Summary
The Fiscal Court approved a 0% interest, 10-year $330,000 loan from Salt River Electric to help finance a new animal shelter and voted to send the required notice to the Department for Local Government. An award letter to WPC Company, Inc. (contract value shown at $528,955) was presented for information; no contractual action was taken at the meeting.
Spencer County Fiscal Court on Feb. 5 voted to accept a 0% interest, 10-year loan of $330,000 from Salt River Electric to support construction of a new county animal shelter.
The resolution approved by the court states Salt River Electric will provide the $330,000 loan and that the county will use the designated land and the newly constructed facility as collateral. The resolution further commits the county to project oversight through the building committee and to regular progress reporting.
Esq. Cotton moved to approve the loan-resolution; Esq. Stump seconded and the motion passed on a unanimous voice vote. Judge Travis then moved to send the Department for Local Government the required notice of intent to borrow; the motion was seconded by Esq. Cotton and approved.
An award letter to WPC Company, Inc. for construction work (the letter lists a contract value of $528,955 and an expected completion window of 15 weeks after signing) was entered into the record; the transcript records that no action was taken on the contract at the meeting. County counsel said he would discuss the city–county interlocal agreement language with the city attorney before any final contract or interlocal agreement is executed.
The resolution text included an estimate that the full project could exceed $600,000 in total cost; the loan is intended to cover a portion of construction costs and the county will engage stakeholders and the building committee to manage planning and finance.
What’s next: The court’s actions formally accept the loan offer and begin the DLG-required notice process; county counsel will continue interlocal and contract negotiations and the building committee will manage project planning and oversight.
