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Commissioners approve debt reallocations; Canutillo community center roof repairs flagged as urgent
Summary
The court approved a package of reallocations and project closeouts across several debt issues to close legacy bond issuances and accelerate spend‑down of tax‑exempt proceeds. Commissioners also heard an urgent request to fund roof repairs and flood mitigation at the Canutillo (Canutillo) Community Center; staff will return with quotes.
El Paso County Commissioners on June 9 approved coordinated financial reallocations across three debt issuances — the 2016 general obligation refunding bonds (series D), the 2022 tax anticipation note, and the 2023 certificates of obligation (series A and B) — to close legacy issuances, reprogram completed projects and accelerate the spend‑down of tax‑exempt proceeds.
Jose Almedos, strategic capital development, presented the multi‑step plan. The changes include programming a previously expensed design item into the 2016 series D so the 2016 issuance can be closed out; consolidating and moving certain Scott At The Park projects between the 2023 A and B series to align spend timelines and tax status; and establishing new project groupings for Escott At The Park design and construction and for the senior nutrition kitchen.…
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