City agrees to OCCF and RSRF funds while considering RLF bylaws

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Rising Sun City Council voted to approve how it will use the $991,000 currently in the Ohio County Community Foundation during its regular monthly meeting Thursday, March 2nd.

A majority of the funds ($537,000) will be returned to the city endowment. The remaining funds will go to: Rising Sun Ohio County Schools$110,000, Future Generations Graduates Pass Through $100,000, Education Center $80,000, Teachers Classroom Tools $30,000, Future Generations Endowment $25,000, Junior/ Community College endowment $25,000, Adult Education $20,000, Community College Pass Through $20,000, Tutoring Program $10,000, Back Pack Program $10,000, Masters Program $6,000, Artists in Residence $5,000, Certification Program $5,000, Summer PBL classes $4,000, Senior development $3,000 and Healthy Community (dental) $1,000.

City council voted to approve a fee for service agreement with Jascia Redwine, executive director of Rising Sun Regional Foundation,

The RSRF received funding (from casino) in 2016 up to $701,787 or about $20,000 more than in 2015. The board granted $959,000 in 2014, $985,000 in 2015 and $953,052 in 2016.

The city of Rising Sun has received $1.8 million in grants over the past 20 years. Second highest grant funds went to the Rising Sun Ohio County School with $1.6 million followed by Ohio County with $1.4 million.

In other business, city council voted to approve a planning commission recommendation for a storage building as part of the Rising Star Casino Planned Unit Development.

Ordinance 2017-3 was passed to have the alley that runs between Sixth Street and Rio Vista and between Walnut and High Streets will be known as Jimmy Dorrell Way. The alley runs behind the Ohio County Historical Society Museum which Dorrell where Dorrell was active.

There was a first reading of ordinance 2017-4 which calls for amending the Revolving Loan Fund (RLF) bylaws to allow special financing techniques which will allow for a line of credit in lieu of a loan.

The city redevelopment is working with developer Tim White in a senior housing project on Sixth and Poplar streets. An estimated $300,000 would allow the start of the project which is looking at having eight condos, according to mayor Brent Bascom. It would allow for the sale of two

The RLF meets on March 13th to consider funding terms.

Council will have a second reading in April prior to taking the recommendation from the RLF board.

Rising Sun Redevelopment Commission chairman Jim Jenkins was given approval to transfer $10,000 to Main Street Grant Fund.

An additional transfer of $10,000 was approved to the OCCF where those funds will be matched by the OCCF through its Lilly Endowment program. The money would go to help build a new press box at the high school softball field. The dugout and press box was destroyed by heavy winds last fall. The cost of the new construction is estimated at $50,000 according to Jenkins.

While it may not appear to be part of redevelopment, Jenkins noted the school is able to host sectional and regional games. The tournament brings in shopping and eating into the local economy.

A thank you letter was received from Erma Jeannie Thies for the city’s sponsorship the Lift Up Thine Eyes Memory Book for her mother Katheryn Thies.

Also a letter was received for supporting the Lunachicks 14U softball team and $5000 awarded to tourims for Christmas decorations.