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Larimer County approves lease-purchase financing to advance phase 2 of ranch master plan
Summary
The county approved a resolution authorizing lease-purchase financing (certificates of participation) for the ranch expansion project, setting up tax-exempt and taxable debt to fund Phase 2 infrastructure and event-space improvements tied to a sales-tax revenue stream that sunsets in 2039.
Larimer County commissioners on Sept. 2 voted 3-0 to authorize a lease-purchase financing package using certificates of participation (COPs) to support Phase 2 of the county-owned ranch master plan.
Finance Director Lori Lopez told the board the measure authorizes issuance of COPs and related documents that will allow the county to finance Phase 2 projects. "Today, our primary objective is to sign the resolution which authorizes us to move forward with issuing the certificates of participation," Lopez said.
Why it matters: The financing will fund improvements…
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