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Commission directs staff to use revised debt structure for Judicial & Public Safety project, increasing cash contribution by $5 million
Summary
The commission directed staff to prepare a bond sale that uses an additional $5 million in year-end cash to reduce the bond issuance for the Judicial Law Enforcement Center renovation and Public Safety Building from $60 million to $55 million, projecting interest savings of about $1.3 million and annual debt-service reduction of $200,000.
The Board of Douglas County Commissioners on March 26 directed staff to prepare a bond sale using a revised debt structure for the Judicial and Law Enforcement Center renovation and expansion and a new Public Safety Building.
County staff advised the commission that adding $5 million in…
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