The Hamilton County Board of Supervisors held a public hearing Tuesday morning on the General Obligation county purpose loan agreement planned to help pay for the remodeling of the former UAW building which will serve as the new home of Hamilton County Public Health.
Supervisor Chairman David Young said the agreement calls for the loan to not exceed $400,000 for the remodeling.
"That's probably more than we will need for the project," Young said. "The bids came back at $263,000. We did also purchase the lot and home next door which is being demolished now."
Supervisor Doug Bailey said the board had discussed putting off the loan and perhaps borrowing what was needed near the end of the project.
"We can put an earlier date than some date in December just in case we would want to use it sooner," he said. The document now lists the date as Oct. 23.
"But if Oct. 23 comes, we can extend that later, if we so choose," Bailey said.
Young explained that the project had begun and much of the interior framing was complete.
"It's just undetermined as to when we will need to borrow the money. That's the decision on the date we're talking about," Young said, adding that the account funding the project currently has available cash.
Supervisor Wes Sweedler suggested keeping the date at Oct. 23, and then extending it if more financial details are known at that time.
"I would think the things above and beyond the contract - we should be done with all the major things," he said.
Bailey said the only additional cost he knew of was the moving and reinstallation of the computer network.
"But we should have cost estimates of that by then," Sweedler said.
The supervisors approved a resolution taking action to enter into a General Obligation County Purpose loan agreement.
"So we've made this our intent to purchase and remodel the building for Public Health. This isn't new information, but this is what we need to do to give the general public an opportunity to speak before we enter into a loan agreement to pay for the project," Young said.
The project is expected to be completed in December.