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Commission directs staff to prepare bond sale using revised debt structure for JLE renovation and public safety building
2794751 · March 27, 2025
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Summary
Commissioners directed staff to proceed with a bond sale model that increases upfront cash and reduces borrowing for the Judicial and Law Enforcement Center renovation and Public Safety Building, lowering interest costs and annual debt service; vote 5-0.
The Board directed staff to prepare for a bond sale using a revised debt structure that increases project cash from $20 million to $25 million and reduces debt issuance from $60 million to $55 million for the Judicial and Law Enforcement Center (JLE) renovation, expansion and creation of a…
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