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Berne moves forward on sewer work

August 27, 2013

    Berne is one step closer to renovations of the city's sewer system after bonds for the project were reviewed and accepted Monday by city council.
    The city received a estimates from Boze, McKinney and Evans Law Firm out of Indianapolis and Barnes and Thomburg law firm of Fort Wayne for bonds both with and without a Bond Anticipation Note (BAN).
    A BAN is a short term interest-bearing security loan issued in advance of a larger, future bond. BANs are smaller bonds generally issued by corporations and governments to generate funds for a project.
    Further details in today's print and e-editions.

 

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