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LAGRANGE — The LaGrange County Commissioners met Monday morning and moved forward with some financial arrangements that have been lingering for most of this year or longer. The commissioners voted to grant a five-year, non-assignable, first mortgage to the Michiana Event Center owners for their building and all property in Howe. The money is intended to be used for building facade improvements and expansion plans. The agreement will be signed this coming Wednesday.
Although there are financial arrangements being worked out between the county and the owners, the interest payment will range between .05 and 1.25 percent. A balloon payment is due in five years. The basic agreement calls for a Major Moves loan of $1.3 million. It will be repaid in quarterly installments. The first year is interest free and the second year interest will be due on half of the remaining loan amount. The rest of the financial arrangements are being ironed out by legal representatives.
The commissioners also gave the go-ahead for the County Economic Development Commission to begin work with Garmong Construction Services to promote and proceed with building a “shell” commercial structure at Fawn River Crossing. A shell building is an empty structure sold to a business so they can “customize” it for their own needs. For more detailed information go to, lagrangecountyedc.com.
LaGrange County’s GIS office manager Rita Lehner reported they are having trouble merging data from their old floppy disc files onto the modern computers. They are working on finding a company that can figure out how to convert the files. There may be more in other county offices, in hers alone there are nearly 100 of the discs holding data as far back as the 1800s. The company which designed the original non-compatible software wants to charge $65 per disc to convert them.
Lehner also reported the Pictometry program is now available to the public. This program shoots a 360 degree photo of your property and buildings from a 40 degree oblique angle. It gives a more detailed picture of buildings and property. Commissioner George Bachman said the county should figure out a fee scale to help fund these upgrades in services.
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