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Court considers reprogramming existing bond and tax-note proceeds to fund East Montana Annex and senior kitchen
Summary
Staff proposed shifting completed-project proceeds and select reserves from several 2022/2023 issuances to cover a funding gap for two annex projects and to advance Corbin Sombrano park work; commissioners asked for precise reconciled numbers and options.
County staff asked the commissioners to consider reprogramming proceeds from earlier issuances to cover gaps for two annex projects and to keep a park project moving while additional funds are pursued.
Jose Landeros and Joel Bishop summarized an internal review that identified about $14.2 million of potential reprogrammable proceeds across CO 23A, Tax Note 2022 and Tax Note 23C. The two urgent needs staff identified were the East Montana Annex (developer partner willing to contribute) and a senior nutrition kitchen at the East Lida Annex that has a community-project funding…
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