Ferdinand Council Working to Relaunch Economic Development Commission

The town of Ferdinand is continuing to move forward with restarting its economic development commission.

Last night, the Ferdinand town council approved Dan Colligon as the first appointment to the commission. Callion also serves on the town’s plan commission.

Now Colligon is the town council’s appointment to the commission. The commission will be made up of 3 people. The 2nd person will be appointed by town council president Ken Sicard and the third appointment will be approved by the Dubois County Council, though the town will recommend a person to fill that seat.

The commission is being restarted in the wake of a recent proposal by Brad Brosmer with Promising Properties. Brosmer is seeking a residential tax abatement from the town to add apartments onto a complex he owns in the 600 block of 9th Street.

Sicard says though the commission is coming back primarily for this project, it will also be a useful group in the future:

On a related note, the council approved new easements for the land around Brosmer’s apartment complex. They also approved taking a 20 foot wide right of way area as town property to eliminate tax burdens on Brosmer.

In other business, the council discussed its budget for 2015. This year’s assessed value for the town came in at more than 89 million 500 thousand dollars. The advertised tax rate will be 76 cents per 100 dollars of assessed value, though the actual rate will likely wind up lower.

Sicard says the town has to continue to be smart in how it spends money. He says town supervisors did just that in their 2015 department budgets:

A public hearing on the budget is set for next month’s council meeting. The hearing begins at 7:30 pm on September 9th.