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Brown Co Jail Should Be Paid Off Early

By Greg Bebermeyer

01/25/2016

(KNZA)--The bonds issued for the construction of the Brown County Jail should be paid off well ahead of schedule.

That word came Monday during the annual meeting of the Brown County Public Building Commission.

County Commission Chairman Warren Ploeger, who serves as a member of the Public Building Commission, says based on information provided by bond counsel Dustin Avey the jail should be paid off this year or be very close to being paid off.

Voters in November 2008 approved a half-cent retailers sales tax to fund the construction of a new jail.

The Public Building Commission was formed to issue $4.4 million in bonds to finance the project, with the revenue from the sales tax going to pay off the bonds.

Collection of the sales tax began April 1st, 2009 and is to end when the bonds are paid off or July 1st, 2020, whichever occurs first.

The Public Building Commission, chaired by Dr. Steve Davies, set their next annual meeting for January 30th, 2017 but could hold a special meeting earlier if the jail is paid off before that time.

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