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Board authorizes up to $15 million in lease revenue bonds to fund Ben Lomond transfer station upgrades and buy public defender building
Summary
Supervisors approved two companion measures June 10 enabling the Sandrooks County Capital Financing Authority to issue up to $15 million in lease revenue bonds. Proceeds will fund $8.5 million of improvements at the Ben Lomond transfer station and about $4 million to acquire and repair a building used by the public defender’s office; county
Santa Cruz — The Board of Supervisors on June 10 held and closed a public hearing and adopted companion resolutions authorizing the issuance of lease revenue bonds, not to exceed $15 million, to finance improvements at the Ben Lomond transfer station and to acquire and renovate the building leased by the public defender.
What the financing covers
County staff and financial advisers said the proposed financing will support two capital needs: approximately $8.5 million for construction and improvements at the Ben Lomond transfer station (bid opening was scheduled the day after the hearing) and roughly $3.5 million to acquire the building currently leased by the county for the public defender's offices at 42440…
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