Hamilton County Public Building Corporation, Indiana

Overview

Hamilton County, Indiana, modernized its emergency response system by building a new Public Safety Answering Point (PSAP) headquarters and purchasing Motorola 911 equipment. To finance the project, the county issued $102.5 million in PSAP Local Income Tax Lease Rental Revenue Bonds, Series 2024, with Bondry Consulting as the Municipal Advisor.

Bondry’s Role

Bondry Consulting advised investing unspent bond proceeds during construction, generating interest income that helped offset project costs. A portion of the bond proceeds was used to cover interest payments through January 2025, providing early relief.

Economic and Community Impact

1. Improved Emergency Response: The centralized PSAP and upgraded equipment enhance coordination and reduce response times.

2. Cost Savings: Bond financing saved over $1.5 million compared to leasing.

3. Interest Earnings: Strategic investment of construction funds reduced overall project costs.

4. Community Confidence: The project demonstrates fiscal responsibility and commitment to public safety.