The Chesterton Town
Council will hold a public hearing on a proposed $1.8-million general
obligation bond issue, when it meets at 7 p.m. Monday, June 22, at the town
Proceeds from that
issue would be used for road paving and sidewalk repairs. Street
Commissioner John Schnadenberg is scheduled to release at Monday’s meeting a
list of the high-priority projects which would be funded through the bond
issue: among them could be South 11th Street between 1100N and Park Ave.
issue would follow on the heels of a previous one, a $1.5-million issue, the
last payment on which the town made this year. Town Attorney Chuck Lukmann
has said that the maximum interest rate on the new issue would be 4 percent.
At that rate, owners of homes assessed at $150,000 would pay $10.30 more
annually than they paid to service the debt on the previous issue. Owners of
homes assessed at $250,000 would pay $20.57 more annually; and owners of
commercial property assessed at $100,000 would pay $15.63 more annually.
In other business,
the council is scheduled to consider a request from the Stormwater
Management Board to approve a one-time only bonus of $2,500 for MS4 Operator
Jennifer Gadzala, for work above and beyond on a number of high-profile
projects which have directly benefited the town.
And Jason Robinson
is scheduled to petition the council for a waiver from the Town Standard
requiring the installation of a sidewalk in front of all new construction.
Robinson is developing a duplex at 635/637 N. Calumet Road.
Earlier in the
evening, at 6:30 p.m., the Redevelopment Commission will hold its regular
Members will hear
updates on the replacement of the bridge over Sand Creek on East Porter Ave.
and on the fiber optic network project.