Hussey-Mayfield Memorial Public Library officials seek approval for bonds of up to $ 9 million

Hussey-Mayfield Memorial Public Library officials have sought approval from Zionsville City Council to issue up to $ 9 million in bonds for the library’s planned branch in Whitestown.

In August 2020, the library expanded its service area in the Township of Worth. The library now plans to build a new branch in the Township of Worth to further expand services. Whitestown City Council donated 11 acres with large green spaces, woods and trails near Walker Farms for the new branch.

Construction is expected to start in October and take about a year. Library officials want to open the branch in the fourth quarter of 2022.

To pay for the branch, library officials requested approval to issue up to $ 9 million in bonds, which would be used to build the new branch at 6310 Albert S. White Dr. and pay for the development. landscaped and finishes. City council is expected to consider the request at its June 21 meeting.

A recent survey suggests the new branch would be well received.

“An overwhelming majority of residents of the Townships of Eagle, Perry and Worth plan to use this new location in the future,” said Sarah Moore, Executive Director of HMMPL. “For several months now, we have been soliciting comments from residents. We also selected an architectural firm. We have a secure site, and now we are currently developing our architectural plans, and we are in this bonding process. “

The library’s existing bond is expected to be paid by June 2023. Payments for requested bonds will not begin until the library’s existing bond is paid to mitigate the impact on taxpayers, Moore said. She added that the debt service tax rate to build the branch will not increase from the current bond repayment rate of $ 0.159 in 2020, which equates to a payment of less than $ 20 for the owner of a $ 250,000 home.

Moore also said the bonds would not affect the city’s ability to approve other bonds because the library would be the bond issuer.

In 2019, the library ranked fifth in the state for materials borrowed per capita, according to library officials, and its service area included an estimated population of 37,526 residents, a 47% increase since 2010. Due to the increased use, Moore said residents would not. necessarily pay less if the bonds were not approved.

“If we weren’t able to get the bonds issued to complete this project, we would always try to find ways to expand what we have to better meet the needs of our service district,” Moore said.

The library serves the townships of Eagle, Union and Worth. For a fee, it also serves residents of Perry Township, who do not pay the library’s current deposit.

“As long as (the new branch) is open to residents of Zionsville and not just residents of the Township of Worth, I think it’s a very interesting business,” said Alexander Choi, city council member.


Source link

About Jennifer Schuman

Jennifer Schuman

Check Also

Suffolk Library to host ‘Co (s) mic Summer’ event

SUFFOLK, Va. (WAVY) – The Suffolk Public Library is hosting a late summer celebration focused …