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Chambers County moves to publish notice for $50M certificates of obligation for roads and drainage; public raises timing and scope concerns
Summary
Chambers County commissioners approved publishing a notice of intent to issue combination tax and revenue certificates of obligation (Series 2025) targeted to roads, bridges and drainage projects. Residents and commissioners raised questions about timing, market risk and a possible $6M bio-drainage addition.
Chambers County on Aug. 5 voted to publish a notice of intent to issue combination tax and revenue certificates of obligation, series 2025, that county staff said is limited to highways, road and bridge work, streets, flood-control and drainage improvements, related utilities and professional services tied to those projects.
County staff told the court the published notice explicitly identifies uses for design, construction and maintenance of county highways, roads and drainage and identified bond-related expenses such as bond counsel and ratings. "This is just for roads and drainage," a county staff member said when outlining the…
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