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Municipal Building Authority authorized to issue up to $1.8M in lease revenue bonds for fire truck
Summary
Grand County’s municipal building authority approved parameters for issuing up to $1.8 million in lease revenue bonds (up to 17‑year term, max interest 5%) to finance a fire apparatus, allowing the authority to access a subsidized Community Impact Board loan previously reserved for the truck.
The municipal building authority of Grand County on July 1 approved a parameters resolution authorizing issuance of up to $1.8 million in lease revenue bonds to finance a new county fire truck.
Background County staff and financial adviser Cruz and Associates explained the plan for short‑term public financing linked to a low‑interest Community Impact Board (CIB) loan. The CIB had authorized a 15‑year loan at 1% for $1,422,000 for the truck; the parameters…
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