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Commissioners finalize project list edits; agree to include debt payoffs in bond package
Summary
The board approved SK edits to the county’s project list for an upcoming intergovernmental bond package and agreed to include several debt-payoff items to free capacity for future large projects; staff will finalize documents for an advertised notice next week.
Jones County commissioners approved final edits to the county’s project list Aug. 19 and directed staff to incorporate the changes into intergovernmental bond documents being prepared with the bond attorney.
County staff said the list must be finalized within five days to meet advertising deadlines for the financing. The board approved a version that shifted some line items to debt service, including proposed payoffs for existing equipment loans, to increase future borrowing capacity for large capital needs such as water projects.
Staff described specific edits: the industrial-park site-grading allocation was reduced from $3,000,000 to $2,000,000; parking-lot paving allocations were slightly reduced to balance the list. Commissioners said paying off existing debt on items such as a mower and a motor grader would lower current debt service and make room for future bonding.
Commissioners agreed they may need a follow-up meeting later that week to sign the final intergovernmental agreement and related resolutions after bond-counsel review. The board voted to approve the SK-proposed edits and authorized staff to continue finalizing documents for advertisement and the bond attorney’s review.
