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TC leaders try to reduce sting of rate hikes

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By Vince Luecke

TELL CITY - Faced with a mandate to eliminate the community's combined-sewer overflows, the Tell City Common Council agreed Jan. 21 to move an $11 million project forward while taking steps to lessen the impact on ratepayers.

The council, meeting in a special meeting with John Seever of the accounting firm H.J. Umbaugh & Associates, agreed to shift some principal payments on a new bond issue for several years, until 1999 and 2006 bond issues are fully paid.

The shift will reduce some of the debt burden on residents.


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Perry County News | circulation@perrycountynews.com | 812-547-3424
P.O. Box 309, 537 Main Street, Tell City, IN 47586
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