The Clinton County Council and the Clinton County Commissioners each approved a pair of ordinances designed to help with the project at Interstate 65 and State Road 28.
“What we effectively did was to make some amendments that allowed us to do our bond issue to pay for the sewer and water project as one bond issue,” said Clinton County Council President Alan Dunn. “Previously, we had set up all the documents to be two bond issues — one for sewer and one for water. Market circumstances have changed. Now we can get a better deal if we can put some of that money together and be doing a bond issue for a larger amount. We can move forward at a lower interest rate.”
Dunn added this was done with the best interest of the taxpayers in mind.
The council is also waiting on appraisal to see if the county can purchase the former Regions Bank building in downtown Frankfort.
“The county is still looking at moving forward with negotiating for the possible purchase of the Regions building as a potential county annex,” said Dunn. “We’re in the process of getting appraisals for that building. It makes a lot of sense on multiple levels. But it also has to make sense that the purchase price has to match what we have the ability to pay. So, we are doing our due diligence to see what the building is really worth.”
Dunn was asked what happens in they are unable to purchase the building.
“I think we would almost be back at square one,” he said. “What I don’t see happening is us moving forward saying we’re going to build a new building. I don’t think we have such a dire need that we would have to do something at any cost.”