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Douglas County authorizes bond issuance to finance Judicial and Law Enforcement Center and Public Safety Building
Summary
Douglas County commissioners on Feb. 26 adopted Resolution No. 25-13, giving the county authority to issue bonds to pay a portion of the estimated $82,000,000 cost to renovate the county's Judicial and Law Enforcement Center and build a new Public Safety Building.
Douglas County commissioners on Feb. 26 adopted Resolution No. 25-13, giving the county authority to issue bonds to pay a portion of the estimated $82,000,000 cost to renovate the county's Judicial and Law Enforcement Center and build a new Public Safety Building.
The resolution, described to commissioners by bond counsel Garth Herman of Gilmore & Bell, recites the authority from a countywide retail sales tax election and the state sales tax election statutes and authorizes the county to issue bonds in an amount later set by subsequent actions. "This simply gives you the authority to issue bonds in the amount that you need," Herman said during the presentation.
Why it matters: the tax-backed bonds will be payable from proceeds of the…
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