PLYMOUTH — As the city of Plymouth moves forward with plans to construct a new home for emergency
services — fire and police — it will have another funding possibility.
The Plymouth Common Council passed a resolution Monday giving them the ability to use the build, operate, transfer method of purchasing allowed under Indiana Code. Under a build-operate-transfer (BOT) contract, an entity — usually a government — grants a concession to a private company to finance, build, and operate a project for a period of 20 to 30 years, hoping to earn a profit.
City Attorney Jeff Houin gave the Council the bottom line on what that would mean.
The passing of the resolution will allow the city to consider the possibility of a BOT as it moves forward with plans for the building.
