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Boone County Council approves negotiable notes for road projects; multiple budget and policy items pass
Summary
The Boone County Council approved an ordinance authorizing negotiable notes to fund three road and bridge improvement projects and adopted several budgetary and policy measures, including an added $33,000 for area plan consulting and corrections to prior reappropriation line numbers.
Boone County Council members voted to approve an ordinance authorizing the issuance of negotiable notes to fund three road and bridge improvement projects and cleared several other budget and policy items during the meeting.
The council approved Ordinance 2025-O3 authorizing issuance of three series of negotiable notes, each not to exceed $2,000,000, for road and bridge improvements. Bond counsel Dennis Sutton of Post McKinney Evans told the council the notes will have terms not to exceed 10 years and a maximum interest rate of 6 percent and that the county will levy taxes to pay the notes. The council waived the initial reading and approved the ordinance by voice vote; members said “aye” and the motion…
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