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County staff outline $25–$35 million bonding options to replace aging campus boilers and equipment
Summary
Spokane County staff presented options to the commissioners to finance a campus infrastructure package — commonly described as a boiler and air‑handling replacement — using bonds or REIT funds, and requested direction to prepare bond sale schedules and rate scenarios.
Spokane County finance and facilities staff presented the Board of County Commissioners on July 22 with financing options to replace aging campus infrastructure, including boilers, switchgear and air‑ handling systems. Staff framed the full capital package at roughly $35 million over several years and offered lower buy‑down scenarios at $25 million to give commissioners options. Staff described four financing scenarios prepared by Northwest Municipal Advisors: 15‑ and 20‑year bond terms at two principal levels (roughly $25 million and $35 million) and provided illustrative annual debt‑service…
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