The Joplin Globe, Joplin, MO

Local News

August 27, 2013

Commission approves financing for buildings

PITTSBURG, Kan. — Financing for a portion of two Jasper County building projects - one well underway - was approved by the Jasper County Commission today.

Commissioners approved an agreement with Southwest Missouri Bank for a lease-purchase agreement under which the county will borrow $322,500 toward costs of projects to renovate a county owned building for offices for the county sheriff and to build a vehicle maintenance building in northeast Carthage that will be used to maintain vehicles for the sheriff's office and other county departments.

The financing, at a 1.96 percent interest rate, is to be paid back over a four-year period.

Outside funding will pay just over half the costs of the nearly $495,000 project to remodel the building on the square, plus an estimated $125,000 vehicle maintenance building. Remaining funds will come from the county's general fund reserves, and all the costs will be repaid from the law enforcement sales tax trust fund over a four-year period.

Renovations to a former bank building northeast of the courthouse for the sheriff's office are underway and set to be complete later this year. The project is on scheduled, Sheriff Randee Kaiser told the commission.

Bids will be opened Sept. 3 on the vehicle maintenance building.

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