“We’ve bought $2 million worth of property and we want to lease them for 50 years? I think it’s a horrible decision fiscally for the city,” he said. “The problem with it is if you start taking little bits and pieces out of it and make them unusable for a 50 year time period, you’re destroying the ... ability to have a project.”
Flood control bond still on hold
For the fourth time a bond resolution that was presented to the council relating to the repair of the Cane Run and Mill Creek pump stations was tabled.
The council has stalled on granting its approval for the $7.5 million bond because it has been waiting to hear the rationale behind Mayor Mike Moore’s vote against the bond resolution.
Moore explained to the News and Tribune that his concern was based on not knowing what the bond would cost local residents and how many people are in the joint flood district that the rate increase would affect.
Lowe said at Monday’s council meeting that after an update was provided at the Jeffersonville-Clarksville Flood Control District Jan. 25, Moore was more comfortable with the costs moving forward.
However, the mayor was not in attendance at the council meeting to answer their questions about the bond, so the resolution was tabled again.
The initial estimate of the cost to a homeowner, based on a $100,000 home, is about $20 per year.