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Ogden RDA recognizes $3.358 million in bond proceeds for Forest Service building purchase
Summary
Ogden’s Redevelopment Agency approved a budget amendment to recognize $3,358,000 in bond proceeds to fund purchase and issuance costs for the Forest Service building; the board also previously recognized a $360,000 down payment.
The Ogden Redevelopment Agency board on June 17 adopted a resolution recognizing bond proceeds of $3,358,000 to complete funding for purchase and issuance costs tied to the planned acquisition of the Forest Service building.
Coralie (staff member) told the board the RDA had earlier recognized a $360,000 down payment and the current action would recognize the remainder of bond proceeds so the purchase and associated issuance expenses can be recorded in the RDA budget. The RDA board voted to adopt the resolution by roll call vote.
The public hearing included one resident speaker who expressed support for preserving and repurposing the historic Forest Service building. There were no board questions about the accounting entry; staff confirmed the funds will be used for acquisition and related costs and that the RDA will follow required bond reporting practices.
The resolution (Proposed Resolution 2025‑13) was adopted by roll call with the full board voting in favor. After adoption, the RDA will complete bookkeeping entries to reflect recognized bond proceeds and finalize the purchase steps set out in the RDA acquisition plan.
Quotations in this story are drawn from the public record of the Redevelopment Agency public hearing and staff presentation.
