Greensburg Daily News, Greensburg, IN

News

January 15, 2014

Library to get new $700,000 roof

GREENSBURG – The Greensburg-Decatur County Public Library plans to replace its leaking roof at a cost of about $700,000.

Director Andrea Ingmire told Greensburg City Council on Monday that while the rest of the building is in good shape, the library has had to spend a significant amount of money into the roof to address leaks. When the library received new carpet last year, staff found more leaks, which had rotted some of the brick.

Ingram said that consultant STR, based in Westfield, said that the roof likely would last another five years, but require increasing maintenance.

The City Council approved Ingram’s request to allow the library to issue bonds for a new roof.

Councilman Glenn Tebbe said the library has a valuable mission in the community and cannot continue its work without a functioning roof.

Ingram said that the need for the roof is arising at a time that the library is making its last payment on the building, which means that taxpayers should see very little, if any, impact on the library portion of their property tax bills.

Ingram said that through last year, the library had been making two annual payments of about $100,000 each to pay off the library bond. This year, the library will make a single, final payment of $100,000 on the bond. And starting in 2015, the roof bond will require an annual bond payment of a similar amount. That bond is expected to be paid within eight or nine years.

City officials emphasized that the bond will be the Library’s — not the Council’s — and that only the library will have responsibility for paying back the bond.

Council members also learned Monday that their $6,000 investment resulted in a $500,000 grant being used to help local low-income residents live in safer conditions. The Community Development Grant, of the Indiana Housing and Community Development Authority, was administered by the Southeastern Indiana Regional Planning Commission.

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