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September 12, 2013

Clark County gets current on insurance

Council still exploring options to pay for sheriff’s mandate

(Continued)

JEFFERSONVILLE — SHERIFF’S MANDATE

The council passed a preliminary bond ordinance and introduced another ordinance appropriating the funds needed to pay a $2.8 million judgment order to pay for the sheriff’s department’s jail operations.

The council is still uncertain how the sheriff’s mandate will be paid, but Lenfert said he would prefer to secure a short-term loan and negotiate a bond anticipation note.

“I’m fairly confident we can get a very competitive rate through a local bank,” Lenfert said.

Before any decisions are made, the council will be talking with financial advisors.

 

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