Hamilton County tackling $47M wish list, more to come

September 12, 2013
Back to TopCommentsE-mailPrintBookmark and Share

Hamilton County is poised to pay off decades-old debt tied to a jail expansion and judicial center construction, but it has more than $50 million in projects waiting in the wings.

Officials have been working for months to prioritize an ever-growing wish list that includes everything from a $21,000 utility cart to a county office expansion expected to cost at least $11.5 million.

This week, the seven-member County Council signed off on a measure appropriating the proceeds of four general-obligation bonds being sold to finance most of the work.

The total value of the bonds will be about $47 million. But each bond issue will total less than $12 million—keeping the county from potentially running afoul of a state law that requires municipal projects exceeding that amount to be authorized through a referendum.

Attorney Mike Howard, who represents the three county commissioners who oversee day-to-day operations, said the referendum rule applies only to single projects financed through a bond issue.

Just one of the items on the county’s list even came close: a $11.5 million contribution to the cost of acquiring a former Noblesville middle school for use as an Ivy Tech Community College campus. The city of Noblesville and the state of Indiana also are chipping in.

Payments on the four new bonds will total $4.5 million next year, he said, keeping the county’s tax rate stable. They’ll be reduced the following year to accommodate a fifth issue expected in 2014 to fund the county office expansion.

Commissioners are still working to determine the best way to resolve a space crunch at the Hamilton County Judicial and Government Center in downtown Noblesville, and asked the council to hold off on replacing all the debt until they can come up with a proposal.

Howard acknowledges that project has the potential to creep into referendum territory, depending on the solution officials choose to pursue.

In the meantime, expect to see a flurry of activity as the county repairs facilities, replaces equipment and upgrades technology.

“During the recession, a lot of things were put on the back burner,” Howard said. “This should get things going again.”

The bond transactions are expected to close this year.


Post a comment to this blog

We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
You are legally responsible for what you post and your anonymity is not guaranteed.
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
  1. The Walgreens did not get a lot of traffic. It was not located on the corner of the intersection, and not really visible from Emerson. Meanwhile the CVS there is huge and right on the corner. I am guessing a lot of people drove by a million times and never knew the Walgreens was there. Although, with the new Walmart market going in, that area could really see a lot of increase in traffic soon.

  2. You folks don't have a clue. There is a legal way to enter this country and to get aid. This left unchecked could run us to ruin quickly. I also heard that 'supporters' were getting major $$ to take them in? Who's monitoring this and guess who pays the bill? I support charitable organizations... but this is NOT the way to do it!

  3. Apparently at some time before alcohol has been served at the fair. The problem is that beer or wine used to be a common drink for people before soft drinks and was not thought to be that unusual. Since many folks now only drink to see how much they can drink or what kind of condition they can end up in it becomes more problematic. Go to Europe and its no big deal just as if you had sodas of milk to drink everyday. Its using common sense that is lacking now days.

  4. To address the epic failure of attracting race fans to both the Indy 500 and Brickyard 400 would take too much of my time to write. Bottom line Boles is clueless and obviously totally out of touch with the real paying fan base. I see nothing but death spin coming for the Brickyard, just like Indy. Get somebody in a place of power that understands what race fans want.

  5. I am a race fan through & through. It doesn't matter if it's Indy cars or Nascar. I love a great race. I go to several other tracks each year and you can see the entire track. I know Indy has tradition, but fans want to see the entire race. I sit in the Penthouse, am almost 60 years old, and would like to see a better TV screen in turn 1 so you can see the entire race. Then I think Indy needs to install an escalator so us old folks can make it up to the Penthouse and down again if we want more options to purchase food and drinks. Just a race fans opinion. Lights won't make the race any better, but you might be able to see the TV better at night. Turn 1's screen needs replaced with a better and bigger screen.