They are also trying to gain support for the educational facilities in the area.
Kokomo’s mayor says he’s seeing signs beyond the repayment of back property taxes that may indicate Chrysler’s new leadership may view Howard County favorably.
Kokomo Mayor Greg Goodnight believes the refinancing arrangement validates the Obama administration‘s decision to bailout the industry two years ago.
Howard County officials say a 10.4 million dollar check from Chrysler will help the city pay debt.
It was only three years ago when Forbes Magazine declared Kokomo as one of the nation‘s fastest dying cities.
President Barack Obama and Vice President Joe Biden traveled to Kokomo Tuesday as part of their Main Street tour.
President Obama and Vice-President Biden are visiting Kokomo on Tuesday.
Tax collections are down this year in Howard County due in large part to Chrysler's bankruptcy.
The City of Kokomo's budget could be crippled if it does not include almost $6 million in property tax revenue which would have been paid by Chrysler.