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Gonzales County approves 7-year tax note to finance annex renovation
Summary
After hearing options and timeline impacts, Commissioners voted to issue a seven-year tax note to fund an estimated $11.5 million renovation of the county annex, citing speed and lower long-term cost and authorizing county staff to finalize financing.
County officials voted to authorize the issuance of a seven-year tax note to finance renovation of the Gonzales County annex, a roughly $11.5 million project, in order to keep the construction schedule and limit long-term borrowing costs.
The county’s retained project advisor, CPM senior principal Dave Stout, told the Commissioners Court the tax‑note option was the fastest and least expensive overall compared with certificates of obligation or general obligation bonds. Stout and Chris Allen of RBC Capital Markets briefed the court on financing alternatives, tax-rate impacts and a construction timeline that calls for selective demolition in early April, construction beginning in June and substantial completion by early summer 2026.
CPM’s analysis estimated borrowing about $11.5 million…
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