The Board of Supervisors adopted a resolution authorizing Pinal County officials to execute and deliver obligations including bond refundings and new‑money issuance, with explicit parameters and no‑go thresholds tied to market conditions.

Angie Woods, director of Budget and Finance, summarized the request as an authorization allowing county management to proceed with specified transactions subject to defined parameters. Financial advisers and counsel briefed the board on market volatility and the county’s options for timing and structure. Counsel said the package includes refinancing to capture savings on prior debt, refinancing for ASRS pension obligations and up to $190 million in new‑money bonds for capital projects; staff recommended a 30‑year amortization approach for the new issuance to keep level annual debt service near the county’s planning assumption.

Financial advisers said municipal market rates were up recently but remained within workable ranges; advisers told the board they would not move forward unless savings or debt‑service targets were met. The resolution was adopted and the board held a roll‑call vote; supervisors Vitiello, Goodman, Surdy, McClure and Miller voted yes.

Why it matters: The resolution authorizes staff to enter the municipal bond market within pre‑set parameters and provides the county the ability to refinance certain debt and fund capital projects if market conditions yield acceptable savings and debt service outcomes.