The Porter County
Commissioners Tuesday will discuss the creation of a private foundation for
the investment of the proceeds from the sale of Porter Memorial Hospital
with County Council President Dan Whitten, D-at large.
meet at 1 p.m. in Room 205 of the County Administration Building, 155
Indiana Ave. in Valparaiso.
Both boards have
held discussions throughout the year on getting the best return on
investment of the funds.
The goal is to
generate revenue to offset the general fund deficit.
options with Hall Render of Indianapolis, the Council in May voted
unanimously in favor of creating a new community foundation managing an
endowment using hospital sale proceeds. County officials would retain
control over the funds.
President John Evans, R-North, who favors creation of the new foundation,
encouraged his colleagues to study what new laws are likely to be enacted by
the Indiana General Assembly in its next session.
There is momentum
in the Statehouse to give county governments the ability to hold longer term
investments, Evans said, and the County would be able to invest part of the
hospital sale proceeds if those proposals become law.
Also on the agenda
is a public hearing on the Commissioners’ plan to reestablish the maximum
tax rate of the Cumulative Capital Development fund to .0233, or 2 and 1/3
cents per $100 of assessed valuation. The Commissioners said they are
reestablishing the rate which could generate funds to pay for capital items
that have been paid for the past few years out of the general fund.
Shifting the items
will ease the overall tax rate on the General Fund and even though the CCD
fund could rise, Evans said he expects the overall County tax rate to be cut
as the County’s total assessed property values are expected to rise next
The current CCD
rate has been static at .018 for at least the last two years.
In requests from
department heads, Juvenile Detention Director Alison Cox will ask the
Commissioners to approve a memorandum of understanding with the school
safety program director as well as approval of the detention center’s
alternative initiative program continuation grant.
ITS Director Sharon
Lippens will speak to the Commissioners about updates to the County’s
mainframe and a digital management system contract for the Memorial Opera
DLZ Indiana will
continue its discussion about the air conditioning replacements for the
E-911 dispatch room and the Sheriff’s server room.