Chesterton Tribune



Chesterton Town Council to seek interest quotes from local banks

Back To Front Page



It was a housekeeping sort of evening for the Town Council at its meeting Monday night, with a flurry of votes on mostly minor matters.

Begin with members’ decision to issue a request for quotes from local banks, seeking the most favorable interest rates for cash on hand. That 5-0 vote follows a vote earlier this summer by the Utility Service Board to move $1.3 million from 1st Source Bank into Trust Indiana, a local government investment pool exclusively serving municipalities.

Trust Indiana is expected to generate annual interest earnings of around $30,000, compared to those of around $2,000 at 1st Source. That money had been earning interest at a rate of approximately 0.02 percent. Now it’s earning at a rate of approximately 2.3 percent.

At the same time, the Service Board agreed to issue an RFQ for local banks to give them the opportunity to equal or better Trust Indiana’s interest rate.

Waiver for Bird Sanctuary

Members voted unanimously to grant the Westchester Migratory Bird Sanctuary a waiver for an electrical permit needed to extend service for a generator to run a well pump on the property, located west of South 11th Street immediately across the street from the rear entrance to Westchester Intermediate School.

Early Voting

Members voted unanimously to make the meeting room at the town hall available for early voting in the run-up to the general election on Tuesday, Nov. 5.

“It’s very convenient,” Member Dane Lafata, D-3rd, said.

“It’s a public service,” Member Jim Ton, R-1st, concurred.

Homecoming Parade

Members voted unanimously to approve a permit for the annual Chesterton High School Homecoming Parade, scheduled for 4 p.m. Friday, Sept. 13.

Normally the Police Commission considers parade permits, but the commission does not next meet until the day before the Homecoming Parade, Thursday, Sept. 12.

The parade will step off from Chesterton Middle School, then work its way east on Broadway--via Sixth Street--to South Calumet Road, then back to CMS on West Porter Ave.

Banner Request

Members voted unanimously to approve the request by Frontline Foundations Inc. to place two banners promoting the annual Hooked on Art fest, on Saturday, Sept. 21.

The banners will be placed on East Porter Ave. and at the intersection of Indian Boundary Road and North Calumet Road, and will be displayed from Sept. 9-23.

Flu Shots

Members voted unanimously to pay for flu shots--at $28 a pop--for all municipal employees and their spouses.

The town has offered this perk to employees in the past.

Liability Fund

Member Nate Cobbs, R-4th, took a moment at the end of the meeting to urge the council to attempt to seek a return of the moneys which--until 2008--it put in the Indiana Political Subdivision Catastrophic Liability Fund. That fund, which currently holds an estimated $4-5 million, has been closed legislatively by the General Assembly.

“We believe the available balance of the basic and catastrophic funds should be distributed to the member communities who’ve contributed to the fund,” Cobbs said.

Ton agreed. “We don’t want to leave that money in there or it will disappear,” he said. “Someone will take it.”

Members agreed by consensus to authorize Mike Anton of the Anton Insurance Agency to make inquiries.

Cobbs told the Chesterton Tribune after the meeting that it’s unclear how much money the town deposited in the fund over the years.

Praise for Waskom Park

At the beginning of the meeting, Paul Petro took a moment to thank the council, the Park Board, Park Superintendent Bruce Mathias, Town Engineer Mark O’Dell, and staff for the superb job done on rehabbing Waskom Park. “They did an awesome job,” he said. “The tennis and basketball courts are getting a lot of use. And the park’s being used for family gatherings. It’s really a credit to the town.”

O’Dell, for his part, told Petro that the general contractor on the job, Gariup, will be returning to Waskom for a second landscaping seeding, as the first didn’t take. “If the second doesn’t work out, they’ll be back,” he said.



Posted 8/28/2019





Search This Site:

Custom Search