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Daggett County Commission approves parameters resolution authorizing lease revenue bonds
Summary
The Daggett County Commission approved Resolution 25-01, a parameters resolution authorizing more than $400,000 in lease revenue bonds to finance acquisitions; commissioners completed the item by voice vote and staff indicated a county-level follow-up resolution will appear after Feb. 11, 2025.
The Daggett County Commission approved Resolution 25-01 on Feb. 11, 2025, a parameters resolution authorizing more than $400,000 in lease revenue bonds to finance acquisitions, and passed the motion by voice vote.
The resolution sets parameters for issuing lease revenue bonds to acquire improvements described during the meeting and authorizes staff to proceed with the financing steps outlined in the parameters resolution. The item was presented as a parameters resolution for the municipal building authority, with staff saying the county would file a separate resolution after the meeting on Feb. 11, 2025.
During discussion, a staff member urged review with the auditor and the chief financial officer’s offices before finalization, saying, “Pass it, pass Carrie to make sure it's understandable or that it meets the needs relative to the auditor's office or the chief financial officer's office, whichever legislative We need to go into the auditor's office, and I'm scared of her.” The chair noted the draft “doesn't have dates” and asked whether the action should occur before or after a public hearing. The staff member replied that the county would “approve what the NBA did today, and then there will be another resolution from the county after the meeting on the eleventh.”
The commission’s chair called for a motion, a second was made, and the body approved Resolution 25-01 by voice vote. Specific mover and seconder were not identified on the record, and no roll-call tally was recorded in the transcript.
The parameters resolution discussed authorizes “more than $400,000 lease revenue bond for the acquisition” of certain improvements (transcript language), and the presenters referred to the municipal building authority's adoption as part of the financing sequence. The record did not specify exact final bond amount, final legal descriptions of the assets to be acquired, or a repayment schedule; those details were not specified in the discussion captured in the transcript.
With the action completed and no additional items raised, the meeting was adjourned by acclamation at 12:22 p.m.
