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Commissioners asked to place resolution approving borrowing against lodging tax on agenda to fund Farm Center and other projects
Summary
County leadership proposed a resolution to issue general obligation warrants backed by lodging-tax revenue to fund several projects, including work at the Farm Center; staff said the county expects to borrow roughly $7.6 million and received the most favorable bid from Frasier Lanier.
Houston County commissioners were asked to place on their agenda a resolution and order authorizing actions related to general obligation warrants that would borrow against lodging-tax revenue to fund county projects, including work at the Farm Center.
A county official (name not specified in the transcript) described a plan to borrow against the lodging tax passed by voters. The official said part of the loan will fund previously…
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