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Shelby County declared “Debt Free”

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June 4th, 2013 by Ric Hanson

The Supervisors in Shelby County have announced the county is now debt free. In a regular board meeting this (Tuesday) morning, the Supervisors approved to pay off a bond issue that was used for road grating on the dairy road in the county. The remaining debt was $710,000 and the county has been receiving tax fund from the dairy and put it in the Tax Implement Fund (TIF). The county taxed the maximum and took the extra to pay off the bond early.

Shelby County Auditor Marsha Carter said during the meeting, the TIF wasn’t quite enough to pay off the whole balance of the bond so part of the payment comes from the general fund. However, the County will still receive tax money from the dairy to pay back the general funds. Slightly more than $183,584 out of the general fund will be repaid in around a year and half. The Supervisors actually saved the county $72,425 in interest paid to the bond issue. Supervisor Roger Schmitz called it “A good day for the County.”

In other business, Warren Andrew from Andrew Tuckpointing gave a presentation on the work scheduled for later this year on the Shelby County Courthouse. Last year, Andrew’s crew worked on the east side of the square replacing stones and making other improvements. This year, the county is looking to work on the west side of the building to tuckpoint and replace even more stones. Andrew told the Supervisors the project would include power washing, tuckpointing the mortars and caulking. The Supervisors approved the project with a limit of not exceeding $50,000.

The project on the Shelby County Courthouse will start sometime in the fall after all activities have commenced on the square in Harlan.

(Joel McCall/KNOD)