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Parke County adopts ordinance to create nonreverting fund for bank-building project
Summary
Commissioners adopted Ordinance 2026-08 the same day to create a nonreverting fund to collect revenue from surplus property sales and use it for the county’s bank-building redevelopment project; the motion passed by voice vote with no opposition recorded.
The Parke County commissioners voted to adopt Ordinance 2026-08 on the same day the measure was introduced, creating a nonreverting fund to hold revenues from the disposition of surplus items for use on the county’s bank-building redevelopment project.
The chair introduced the measure, saying, “This is an ordinance to create a non reverting fund for the bank building,” and explained the redevelopment commission had already declared certain items in the former bank building surplus so the county can sell or otherwise dispose of them and deposit proceeds into the new fund.
Commissioners moved and seconded the single-reading adoption that same meeting. The chair called the voice vote and recorded “Aye” with no opposition voiced on the record; the formal tally was not specified in the meeting minutes.
The ordinance centralizes proceeds from future auctions or disposals of surplus property related to the bank building so the funds are reserved for project costs. County staff said they are not in a rush to dispose of all items and will manage sales as appropriate.
Next steps include implementation of the new fund in the county accounting system and applying proceeds toward design and construction phases once funding needs are determined.
