Chesterton Tribune

 

 

Chesterton Town Council to hold public hearing Monday on $1.8M bond issue

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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 hall.

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.

This five-year 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.

Redevelopment Commission

Earlier in the evening, at 6:30 p.m., the Redevelopment Commission will hold its regular monthly meeting.

Members will hear updates on the replacement of the bridge over Sand Creek on East Porter Ave. and on the fiber optic network project.

 

Posted 6/22/2018

 
 
 
 

 

 

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