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Commission approves conduit financing to help Boys and Girls Club build new facility
Summary
The commission voted to approve conduit bond financing (item 24) on June 19 to allow Boys and Girls Club of Utah County access to public financing rates for a new facility; the public hearing drew no public comment and staff noted state law prevents the county from assuming bond payments for the nonprofit.
The Utah County Commission voted on June 19 to approve conduit financing that will let the Boys and Girls Club of Utah County access public borrowing rates for a planned capital facility.
Ezra and other staff explained the county would serve only as a conduit issuer; county counsel and bond advisors were present…
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