Jail Addition & Renovation Project
The Building Authority issued a new bonds in the amount of $5,150,000, with Van Buren County funding a additional amount, to construct an addition and make renovations to the County Jail in downtown Paw Paw. Construction commenced in March of 2017. The General Contractor is Miller-Davis Company of Kalamazoo. Features of the project include:
- A new booking and holding area to comply with current best practices for correctional facilities.
- Expansion and reconfiguration of inmate cells to allow decommissioning of outdated inmate area in the adjacent old jail.
- Updated security system.
- New and replacement roof for the entire jail building.
- Major lighting and electrical upgrades.
- Other modifications to improve staff utilization and efficiency.
Project construction and occupation are complete; only management of a replacement reserve and the outstanding debt balance remain. The bonds will be fully paid on October 1, 2036.
The bond issue status is as follows:
Transaction | Amount | Balance |
Bonds Issued 4/17/2017 | $5,150,000 | $5,150,000 |
Bond Principal Paid 10/1/2017 | -205,000 | $4,945,000 |
Bond Principal Paid 10/1/2018 | -205,000 | $4,740,000 |
Bond Principal Paid 10/1/2019 | -210,000 | $4,530,000 |
Bond Principal Paid 10/1/2020 | -215,000 | $4,315,000 |
Bond Principal Paid 10/1/2021 | -220, 000 | $4,095,000 |
Bond Principal Paid 10/1/2022 | -220,000 | $3,875,000 |
|
|
|