Larimer County outlines $110 million COPs plan to fund Ranch Master Plan Phase 2a
At a Aug. 25 work session the Larimer County Board of County Commissioners heard details on a proposed $110 million certificates-of-participation financing package for Phase 2a of the Ranch Master Plan, including collateral, tax analysis, repayment assumptions and a timeline that could culminate in closing Oct. 14.
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Larimer County commissioners on Aug. 25 reviewed a plan to issue $110 million in certificates of participation, or COPs, to finance Phase 2a of the Ranch Master Plan and heard lender, bond counsel and underwriting teams describe the proposed structure, security, tax treatment and schedule.
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