The State – 12/7/20

Lacie Hudson, Case deKoning

Despite a recent spike in COVID-19 cases in Ingham County, county jail cases remain low, according to an update from Sheriff Scott Wriggelsworth.

As of Nov. 28, only two COVID-19 positive inmates remain and have yet to complete their isolation period.

Both inmates are recent arrests known to be positive when taken into custody. They are currently housed in isolation with little to no symptoms.

All other inmates that tested positive have already completed their isolation period. Only minor medical interventions have been needed for a few inmates and none were in need of transferring to a medical facility, the statement said.

The sheriff’s office teamed up with Ingham County Health Department and jail staff to clean the facility, mass test and isolate inmates, and monitor the health and safety of all inmates daily.

 

East Lansing Brownfield Redevelopment Authority announced on Wednesday that they have reduced the limited obligation debt service by $2.3 million by refunding bonds issued in 2017 used to finance parking, public infrastructure related to the Center City Project.

The project was completed in May of 2020 and replaced existing buildings on Grand River Avenue and a city surface lot with two-mixed-use buildings including retail, dining, apartments and a parking structure. The bonds are serviced through tax increment revenues created by the project only, and no other revenues or guarantees from ELBRA of the city of East Lansing.

The refunding of bonds will reduce the debt obligation of ELBRA by more than $2.3 million in net present value savings, which is the industry standard in reflecting cashflow savings over the financing term. This also lowers the current 5% rate. The approximate $29.5 million issuance will be split between tax exempt and taxable bonds with a 4.2% blended rate. This bond term is 30 years, which is in alignment with the current brownfield plan.