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County financial adviser outlines five‑week timetable for proposed $6 million library bond
Summary
Budget staff presented a recommended timeline to the Budget Committee for issuing up to $6 million in bonds to fund library projects, including a super‑parameters resolution on April 29 and a June 3 close; staff outlined pros and cons of using the Municipal Building Authority versus sales tax revenue bonds.
The Davis County Budget Committee on April 14 heard a proposed timeline from the county’s finance staff and adviser for issuing up to $6 million in bonds to support library projects.
The finance staff recommended adopting a super‑parameters resolution at the commission meeting on Tuesday, April 29; requesting bids on May 2; opening bids and making an award on May 15; holding a public hearing on May 20; and closing the bond issuance on June 3. Staff said they favored a direct‑purchase…
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