The Hamilton County Council had to continue a motion to approve funding for Ivy Tech after a 3-3 vote on Sept. 4. Council member Steve Schwartz of Noblesville, who previously voted in favor of all Ivy Tech matters before the council, was absent from the meeting.
Council members Brad Beaver, Jim Belden and Meredith Carter voted in favor of the interlocal agreement for an Ivy Tech campus in Hamilton County. Council members Paul Ayers, Amy Massillamany and Rick McKinney voted against it. The agreement requires a $11.9 million bond over 20 years by the county and a $3 million payment by the City of Noblesville.
Attorney Michael Howard said the county plans to close on the building with Noblesville Schools by the end of the year. He said the district would then lease back the building for the remaining 2013-2014 school year at the interest costs. Ivy Tech would then take over the building next summer.
The decision on the bond will be tabled to the council’s next meeting at 8:30 a.m. Sept. 11.