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Kaufman County reviews bond sale plan for juvenile detention center; officials project minimal tax impact
Summary
County financial adviser outlined timetable for bond issuance, rating calls and potential tax effect; commissioners discussed underwriting plan and delegated pricing authority if market moves.
Kaufman County Commissioners Court on July (date not specified) reviewed plans to issue bonds to finance a new juvenile detention center, with the county's financial adviser outlining a timetable for rating calls, marketing and pricing.
The plan, presented by George Willeford of Hilltop Securities, includes calls with two rating agencies next week, posting a preliminary official statement for investors on Aug. 4, formal consideration at the court's regular meeting on Aug. 12 and anticipated settlement in early September. Willeford said the county will seek a credit rating that will…
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