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Waller County moves toward issuing up to $10M in tax notes; reimbursement resolution approved
Summary
Commissioners gave staff direction to pursue tax notes to fund property purchases and capital projects and approved a reimbursement resolution allowing the county to pay eligible project costs from fund balance and later reimburse from note proceeds.
Waller County commissioners on July 9 signaled support for pursuing tax-backed notes to finance several near-term capital needs and approved a reimbursement resolution that will allow the county to spend from fund balance now and recoup eligible costs from note proceeds later.
Financial plan and intended uses
County advisors presented a tentative package of capital needs for possible financing: maintenance facility construction, land purchases for Precinct 2 and Precinct 3, negotiation of adjacent property near the Justice Center for potential probation and related services, and other…
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