PRINCETON — Gibson County Commissioners unanimously voted to allow a request by the City of Princeton for use of up to $1.2 million in tax increment finance revenue as local match in a grant application for a $4.2 million city water line replacement project to go to the Gibson County Redevelopment Commission.
The redevelopment commission decides which requests for use of TIF revenue collected through the county’s TIF districts will be funded. Princeton’s request is for use of Patoka-Union Twp. (Toyota) TIF district revenue to extend a water line along Seminary Street.
The water main provides service to Princeton residents and to 15 Toyota supplier companies.
Last year the redevelopment commission pledged $1 million for the first phase of the project, which was completed this year.
The city plans to apply for a grant from the Indiana Economic Development Corporation for the remaining three phases of the project. Board of Commissioners President Gerald Bledsoe offered the motion to pass the request to the redevelopment board, contingent upon the city receiving the EDA grant.
Mayor Greg Wright made the request at Tuesday night’s board of commissioners meeting.
Commissioners also accepted a low bid of $1,219,269 from J.H. Rudolph for Community Crossings grant paving projects. The county received a $1 million Community Crossings grant for road work this summer. David Enterprises submitted a $1.3 million bid and E&B Paving submitted at $1.29 million bid for the work.
In other business, commissioners hired Jay Stevens to fill a vacancy at the highway department.
Commissioner Mary Key reported that she learned the Gibson County Treasurer’s Office has collected about 78% of the spring property tax installments due May 11. The state extended the deadline for payment without penalty due to the COVID-19 pandemic.
Gibson County Surveyor Scott Martin presented the certification of 341.2 miles of regulated drainage ditches in the county. The Gibson County Drainage Board is allowed to collect $4 per mile of regulated drainage ditches (same rate as in 2019).
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