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Bonner County weighs prepaying LTAC funds or opening capital account to cover East River Bridge shortfall
Summary
Road and Bridge Director Todd said the federally aided East River Bridge project is roughly $1 million over current estimates; he proposed invoicing LTAC for $350,000–$500,000 as a retainer. Commissioners suggested instead creating a county capital improvement account and consulting the auditor.
Bonner County Road and Bridge Director Todd told the Bonner County Board of Commissioners that the federally aided East River Bridge project is running roughly $1 million over the grant award and sought guidance on using HB 312 funds to secure the county’s share.
"The bridge is about a million dollars over," Todd said, describing cost increases driven by inflation, right-of-way purchases and design changes. Todd said the original grant award was about $3,400,000 (he said he would confirm the exact figure) and that county officials have discussed options including delaying the project or seeking additional grants.
Todd said he contacted LTAC and that the committee could invoice the county now for a portion of funds and hold the money in a retainer for the bridge. He proposed asking LTAC for an invoice in the range of $350,000 to $500,000 depending on the final budget. He also raised the possibility of using unanticipated revenue or HB 312 funds to cover the difference.
Several commissioners cautioned against remitting funds to an external body without retaining county control. One commissioner recommended opening a county capital improvement account to hold funds and earn interest; Todd responded that he preferred that approach and would follow up with county staff and the auditor. Commissioners discussed short-term interest opportunities (including short-term CDs) and asked Todd to return with a memo detailing options, interest scenarios and the recommended funding mechanism.
No formal motion or vote was recorded; commissioners directed staff to consult with the auditor and return with documentation and a proposal for how to allocate or hold funds for the East River Bridge.
