Officials pause, then advance $5.5 million note after loan amendments
County staff paused a planned $5.5 million promissory note after rating analysts flagged an acceleration clause in local bank loans; staff negotiated 180‑day cure amendments viewed as acceptable by the bond raters and expect to proceed pending final confirmations and board approval.
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County staff told the finance committee they temporarily paused plans for a $5.5 million general obligation promissory note after bond raters flagged an acceleration clause embedded in the county's local bank loans.
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