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Commissioners approve amendment to support Butler County Finance Authority jobs bond fund; $1 million county contribution included on consent agenda
Summary
Commissioners approved, on the consent agenda, a first amendment to the memorandum of understanding with the Butler County Finance Authority that would consolidate prior annual contributions and provide a $1 million county contribution to a proposed Jobs and Development Bond Fund, bringing initial commitments to $3.5 million, finance staff said.
Dave McCormick, Butler County finance director, briefed the board on a proposal tied to the Butler County Finance Authority’s plan to create a Jobs and Development Bond Fund.
McCormick said Joshua Smith, president and CEO of the Butler County Finance Authority, previously presented a plan and sought to consolidate the county's three annual contributions of $250,000 into a single payment and to…
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