A representative of Hilliard-Lyons, Inc., Pete Mahurin, told the court that with current interest rates, refinancing could save the jail fund between $500,000 and $700,000 over the remaining life of the bonds (24 years).
The court approved the bond resale and agreed to apply the savings to the principle, cutting a year off the original payment period.
In another jail matter, the court approved seeking bids for a larger vehicle for the jail, one that could be used to transport inmates across state lines.
Jailer Joey Stanton said the jail needs a 24-passenger, high security bus for the transport work. He said current transports are tying up as many as three vehicles at a time.
Magistrates also approved the Sheriff's Office buying three cruisers. The 2005 Chevrolet cars will cost just over $18,000 each for a total bill of $72,000.
The court opened bids for road tile, asphalt, blacktop and rock for the coming year. It approved all the bids, allowing the court to jump to the next higher bidder if the low bidder could not provide the products at the time they were needed.
Judge-Executive Gary Logsdon said no bids were received this year on fuel for county vehicles, and the court agreed to re-submit bid specifications.
The court got a report on the recently-ended county-wide tire amnesty. Enough tires came in that 39 trailer truck loads, averaging 15 tons per trailer, were hauled out of the county.
The court reviewed a contract with Brandenburg Telecom, but decided it needed more time to review it before approval.