Terre Haute Ambassador Duke Bennett told the Burghal Board at its affair Thursday the administering has a letter advertence the burghal will accept $3 actor in September from Powerdyne Renewable Fuels.
The board aftermost year accustomed a 2015 burghal annual that included $3 actor from the company, which seeks to catechumen burghal wastewater carrion into agent fuel.
After the meeting, Bennett said he accustomed the Powerdyne letter on April 8. “It says that aback [Geoff Hirson, admiral of Powerdyne] breaks ground, they will do the $3 million. I had [Hirson] put it in letter form,” Bennett said. “That helps a ton, as continued as these guys don’t annihilate the project,” the ambassador said, apropos to the Burghal Council.
Bennett batten to the board to abode banking concerns, including those aloft by Councilman George Azar, who on Tuesday filed a accounting accessible annal appeal to access abstracts accompanying to burghal amount and payments to city’s vendors. Azar accustomed advice on payments to agent Social Security and accessible retirement accounts and a annual of how abounding vendors accept adumbrated they will “shut off” or “eliminate” assertive casework if their invoices are not paid.
The ambassador declared the burghal has about $2.6 actor owed to vendors; however, the burghal aftermost anniversary wrote checks “and started sending them out” for $2.2 actor to pay vendors. “We accept outstanding bills from backward February and aboriginal March that we are still processing,” the ambassador said. “All of that will be bent up in May.”
Those funds will be paid from the city’s bounce acreage tax amount from the state, the ambassador said.
The ambassador said the burghal does not accept assets funds to aftermost amid acreage tax disbursements in the bounce and fall. Bennett said 15 percent of the city’s accepted armamentarium is accessible from Jan. 1 to May 15. In aboriginal May, the burghal requests an aboriginal tax amount of its bounce taxes from Vigo County. The burghal receives the of those acreage taxes by the end of June. Those funds annual for 85 percent of the city’s accepted fund. The burghal has requested an aboriginal amount every year Bennett has served as mayor.
The burghal has acclimated tax apprehension warrants to awning its allotment arrears at the alpha of the year. However, Bennett said because the burghal had accepted a $3 actor acquittal in December, the burghal acclimated aloof $2.5 actor of a Burghal Council-approved $5 actor tax apprehension warrant. That accreditation was accustomed in 2014. “That came aback to chaw us a little, obviously, because we did not get the Powerdyne money … to advice armamentarium the aboriginal six months, so we accept been abrading by … ,” Bennett said.
The ambassador said he will appear aback to the Burghal Board to seek approval to access the actual $2.5 actor from a tax apprehension warrant.
Bennett said the burghal had a computer affair that resulted in it not actuality able to accomplish absolute deposits for the Accessible Agent Retirement Fund) abacus the burghal was about four weeks abaft in those payments. Those payments will be bent up by aing week, the ambassador told the council. However, the burghal faced addition computer botheration this anniversary that acquired it to affair checks to bisected of the city’s advisers today. Department active accept notified impacted employees, Bennett told the council. The accustomed funds via absolute drop Thursday evening.
Bennett said the burghal had confused money into its amount annual aftermost Friday for the checks.
“We are managing banknote on a circadian base appropriate now,” the ambassador told the council. “We appetite to accomplish abiding amount is met and bills are paid. It is tight, no question, but aback get into May, things will go aback to normal. We accept fabricated every amount this year, and we will abide to do so. All of our loans and leases and band payments are current.”
The ambassador said the burghal has cut non-essential purchases until July.
Bennett additionally addressed banking apropos of funds from the city’s Department of Redevelopment. The city’s Redevelopment Commission this week delayed approval of resolutions for projects involving a new badge base and extending New Margaret Avenue. Councilman Don Morris, for application of the board aing month, has submitted an allotment appeal of $613,409 from the city’s Economic Development Assets Tax (EDIT) armamentarium to the Margaret Avenue Corridor.
Bennett said the Department of Redevelopment has 19 abstracted funds. Other than band funds paid from Tax Increment Finance money or federal money, the burghal has put money from the Department of Redevelopment accounts into a basin fund. The ambassador said the city’s non-federal assets account, acclimated for a bane aishment program, has a antithesis of $159,825.
“If you attending at the coffer account, that is not what the antithesis is, but that is what the armamentarium antithesis is in the basin account,” the ambassador said. In a Fort Harrison Businesss Park account, the annual has $441,000, the ambassador said, “yet that coffer annual will not appearance that. That money flows through the basin account,” the ambassador said.
The ambassador said eventually the majority of all Department of Redevelopment accounts will be placed into basin accounts, a move the ambassador said is advantaged by the state, as there are beneath coffer accounts to audit. “All of the bills from redevelopment accept been paid,” the ambassador said. “If any vouchers come, those will be paid from the affiliated cash.”
Bennett said a $750,000 acceptable acceptance drop from the Terre Haute Dewatering Co. has additionally been placed into the affiliated account. “It was not aloof for payroll, it was acclimated for amount and accounts payable. Some of that money is still there,” he said. The ambassador said the affiliated annual fluxuates as funds are put into the annual and withdrawn.
“That is accounted for to a specific line-item, armamentarium accounting,” the ambassador said.
Bennett said he thinks there has been rumors and half-truths declared about the city’s finances.
“All the lies and the ball and the ‘Let’s alarm the media in,’ and all this actuality is aloof not acceptable for Terre Haute,” the ambassador told the council. “If there was some austere problem, breadth the affairs had article that was actuality done illegal, which we apperceive it is not, abnormally in redevelopment or any amount area, that would be acicular out [by the state] and we would apperceive that and accord with that,” Bennett said.
Bennett told the board the burghal “needs to acquisition a way to accumulate affective in a absolute administration and not get afraid up on aggravating to cut somebody bottomward or some affair down. Acutely it is a political season, so you consistently access it up a little bit, but this has been activity on for a while now,” the ambassador said, “and it is time for us to move above that and acquisition means to get the Powerdyne acceding done and stop angry with that. It will not amount the burghal anything.”
The ambassador said the Burghal Board will not vote on the agreement, but the board will see a revised Powerdyne agreement. Councilman Todd Nation asked if the accessible could appearance the agreement. The ambassador said the burghal can put the agreements on its burghal website for review.
Howard Greninger can be accomplished at 812-231-4204 or [email protected]
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