Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Special Assessment topic
No spam. Unsubscribe anytime.
Commissioners approve preliminary assessment roll and bond authorization for Serenity Estates (Barrett Law) project
Summary
Posey County commissioners approved a preliminary assessment roll for the Serenity Estates/Barrett Law project, authorized bond issuance pending final amount, and approved up to $150,000 in project payments to David Enterprises after a public hearing with no speakers.
County Attorney Joe Harrison told the Posey County Board of Commissioners on Jan. 6 that each parcel in the Serenity Estates (Barrett Law) project was assessed at $6,181.82 and that property owners could pay the assessment in a lump sum or have it added to their property taxes.
Harrison said Old National Bank is financing the project. The board opened the public hearing on the assessment roll, received no public comment, and closed the hearing. Commissioners then voted 3-0 to approve a preliminary assessment roll resolution as presented.
Harrison explained a separate resolution would allow issuance of bonds to finance the project; the board approved the bond-resolution motion 3-0 while noting the actual bond amount will be determined once additional information is available. The board also approved a resolution authorizing payment of project expenses to David Enterprises not to exceed $150,000, with Mr. Harrison noting the actual cost is $116,000. Auditor Maegen Greenwell asked where the payment would come from; Harrison said he would follow up with her to determine the payment source.
The commissioners’ actions leave the project with an approved preliminary assessment and bond authority but without a finalized bond amount. Homeowners will receive letters with assessment details and an installment agreement option, Harrison said. The board took the measures by unanimous votes and did not receive public opposition during the hearing.
What happens next: staff will send assessment notices to affected landowners and complete the bond-issuance paperwork once financing details are finalized.
