BRC will make shell building payments
Clerk-Treasurer Paul Gates had a suggestion at the Aug. 28 Batesville Redevelopment Commission meeting. The Batesville Economic Development Commission has been making shell building payments for five years. Gates urged that BRC take over those payments in 2020, funding them with TIF (Tax Increment Financing) dollars.
He had two reasons for the move. The city-owned and for sale building started out as a BRC project. “At the time, no TIF dollars were available” so BEDC has been using Economic Development Income Tax dollars. The second reason: BEDC would be freed up “to do what it should be doing – any kind of community project,” such as marketing the city, pledging matching dollars for a proposed Indiana Office of Community and Rural Affairs Main Street Revitalization Program grant or allotting dollars for better city entrances at I-74. “But that all takes money.”
Gates also recommended refinancing shell building payments before June, when a balloon payment is due. Member Jim Fritsch asked, “What would that payment be?” Gates wasn’t sure. Now the payment is $231,000 annually, about half principal and half interest, according to him. Member Kevin Campbell estimated refinancing could save $50,000 annually or the principal could be paid off quicker by using the savings.
Two members not at the meeting, BRC President Andy Saner and Bill Narwold, previously were supportive of the commission taking over the payments. Acting President Darrick Cox, Fritsch and Campbell voted to begin making shell building payments next year.
Donations will help Batesville athletes
Co-chairs Wendy Meyer and Bertha Hazelwood are seeking donations from businesses for the annual Batesville Athletic Boosters Fall Raffle. “Your Bulldog pride and support of these fundraisers have enabled the Batesville Athletic Boosters to purchase uniforms and safety equipment.”
The raffle and dinner is Wednesday, Sept. 18, at 6 p.m. at the Knights of Columbus Hall.
Raffle prizes and monetary donations may be mailed to P.O. Box 274, Batesville, IN 47006. To have a prize picked up: Wendy Meyer, firstname.lastname@example.org or 812-212-2141.
Hillrom president in NYC
John Groetelaars, Hillrom’s president and chief executive officer, made a presentation at the 17th annual Morgan Stanley Global Healthcare Conference Sept. 9 in New York. A recorded replay is available at www.hillrom.com through Nov. 9.
Women can learn about home renovations
Single women are currently the second largest segment of home buyers, purchasing homes at twice the rate of single men. Yet many pass great purchase opportunities because they are intimidated by the renovation process or do not know where to begin.
Two workshop hosts, national tiny house expert Lee Pera and home renovation coach Erin Helland, will share the organizational tools and experience they gained to help others become their own project managers and feel confident in making informed and cost-effective decisions when buying, renovating and maintaining a home in three-and-a-half-hour sessions Friday, Sept. 27, in Indianapolis and Monday, Sept 30, in Cincinnati.
H&R Block aids veterans
H&R Block offers full scholarships for military spouses and disabled veterans to take its income tax course. Info: https://www.hrblock.com/corporate/income-tax-course/index.html.