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Commissioners approve opening investment account for $215 million bond proceeds
Summary
The board approved a resolution to open an investment account for $215 million of voter-approved bond proceeds; action is contingent on an upcoming budget board meeting.
County officials told the board they will open an investment account for bond proceeds from a voter-approved authorization, and the board voted to approve a resolution to allow those funds to be invested.
Christie, a county presenter, described the proposed fund for $215,000,000 that will hold bond proceeds until they are used. She said the voter authorization was for $260 million, $45 million of which was issued in 2023; the current action covers the remaining proceeds. The resolution to open the investment account is contingent upon approval at the county budget board meeting.
The board approved the motion by voice vote.
