The Huntingburg Common Council approved contributing $350,000 to the Tier One study being conducted by the Midstate Corridor Regional Development Authority (RDA).
The funds will come from the city’s economic development income taxes and will be paid in 2020 and 2021. According to Mayor Denny Spinner, the agreement allows the city to replenish the EDIT funds that have been allocated for the completion of the Stellar Community Projects it has underway before providing funding for the corridor study.
As part of an agreement with the Indiana Department of Transportation, the Midstate Corridor RDA will provide $7 million in funding for the Tier One study. That amount has been split in half between private and public entities.
On the public side, the City of Huntingburg will contribute 10 percent of the public amount to the study while Jasper will contribute 40 percent and the county will contribute the remaining 50 percent.
Recently, Jasper pledged $1.4 million over the next three years and the Dubois County Council will consider committing $1.75 million to the study this evening in a special meeting at the County Annex.
According to attorney Bill Kaiser, who is representing the Midstate Corridor RDA, they have already raised $3.8 million in private funds.
With the funding secured, INDOT has agreed to issue a project number of the Midstate Corridor which will make it eligible for federal funding.
The Tier One study will examine the route from the Ohio River all the way to a connection with Interstate 69. According to Kaiser, the Tier Two study, which will likely need local funding, will then determine the route the road could take.
Also at the meeting:
The council agreed to have appraisals completed on a building on Main Street adjacent to Market Street Park between Third and Fourth streets that currently houses Walden Chiropractic. Dr. Lee Walden plans on retiring and he offered to sell the building to the city. The appraisals are a necessary step in considering the purchase of the property.