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Spokane County delays decision on $35 million bond sale while seeking repayment assurances from SHREK partners
Summary
County officials discussed including a request from the SHREK emergency-communications consortium in a planned $35 million bond issue but agreed to pause final authorization until member-agency repayment arrangements and reporting safeguards are clarified; commissioners worried about sales-tax revenue timing and voter perception.
Spokane County officials on Tuesday signaled they will delay final authorization of a planned $35 million bond issue to allow time to secure clearer repayment guarantees from SHREK and its member agencies.
County staff described two paths: proceed with the county’s $35 million capital bond on the current schedule and hope SHREK secures interlocal commitments shortly, or delay issuance so SHREK can present more durable agreements showing how agency user fees or interlocal obligations would support debt service. “You need to provide us with certainty as to how the funds will be repaid,” a county official told the board when describing staff expectations for agreements from SHREK and its member agencies.
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