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County board authorizes up to $2.825 million borrowing to finance public-safety radio upgrade
Summary
The board approved an initial resolution authorizing Sawyer County to borrow up to $2,825,000 for a previously approved public-safety radio upgrade. Final bond award will occur after bids are received and approved at a future meeting.
The Sawyer County Board approved an initial resolution authorizing the issuance of general obligation promissory notes not to exceed $2,825,000 to finance an approved public-safety radio system upgrade.
County finance staff and the finance committee presented the resolution as the financing step following prior project approval. County staff said if the county approves the initial resolution at the July meeting, the county will solicit and award bond bids to finance the project.
Motion and outcome: The motion to approve the initial resolution authorizing borrowing not to exceed $2,825,000 was made and seconded; the board approved the resolution by voice vote.
Why it matters: The radio upgrade is a capital project previously approved by the board; this financing resolution moves the project from approval toward procurement and funding. County staff said the amount covers the cost authorized and that bond bids will be solicited and awarded at a later meeting if the board confirms the financing package.
Next steps: If approved at the subsequent meeting, the county will receive and award bond bids and proceed with financing per usual procurement and bond-sale procedures.
