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Bonner County Ambulance board readies paperwork for up to $500,000 TAN and discusses $2.45M reserve target
Summary
The Bonner County Ambulance Service District board agreed to prepare paperwork authorizing a temporary advance note (TAN) of up to $500,000 and discussed a planning target of roughly $2,450,000 in reserves based on a $400,000 monthly expenditure estimate; a final borrowing decision would come later.
The Bonner County Ambulance Service District board on Nov. 19 authorized staff to prepare paperwork to allow borrowing under a temporary advance note (TAN) of up to $500,000 and discussed a multi-step plan for deciding how much, if any, to draw.
Speaker 5 told the board that a letter of interest would be on the Dec. 3 agenda and that legal documents should be ready by mid-December so the board could vote on any borrowing in January. "The dollar amount's…
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