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Palmyra board approves $140,000 initial deposit for drinking-water annuity; flags regional revenue risk
Summary
The Board agreed to fund a drinking-water annuity with an initial $140,000 deposit and discussed the potential loss of future revenue tied to Marion County Water District’s talks with Clark County.
At its Feb. 23 meeting, the Palmyra Board of Public Works agreed to fund a drinking-water annuity with an initial deposit of $140,000 and discussed concerns about future revenue tied to the Marion County Water District.
The discussion centered on ongoing DNR projects related to drinking water; the minutes record the board’s agreement to provide $140,000 as the annuity’s initial deposit. The minutes do not specify the annuity’s terms, the funding source for the deposit, or whether the deposit requires further formal approval or a separate budget appropriation.
Board members also raised concern about Marion County Water District (MCWD). The minutes state the board discussed MCWD’s discussions with Clark County and noted a possibility that those talks could reduce future revenue to Palmyra; the minutes do not record any directive or formal action to respond to that potential loss.
Engineer Mark Bross is recorded as entering the meeting at 10:25 a.m.; the minutes do not attribute further discussion about the DNR projects or the MCWD matter specifically to him.
With no additional business recorded, the board moved to adjourn. The minutes state the motion to adjourn was made at 11:15 p.m.; given the meeting began at 10:00 a.m., that 'p.m.' in the minutes appears to be an error and is corrected here to 11:15 a.m.
