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Dimmit County court authorizes plan to issue up to $5.65 million in tax notes to fund county projects
Summary
Dimmit County Commissioners Court approved a plan to issue tax notes estimated at $5,650,000 to fund county building and road projects, with staff, bond counsel and a financial adviser authorized to proceed. The court set dates for bank bids and a targeted October closing.
Dimmit County’s Commissioners Court on a recorded vote approved authorizing county staff, bond counsel and its financial adviser to proceed with the issuance of tax notes estimated at $5,650,000 to finance county building improvements, road-and-bridge projects and parks equipment.
The authorization, introduced under agenda item 2.1, was presented by a representative of Air Frontier Financial Consulting, who said the plan contemplates a two-year payment schedule with the first year interest-only and an estimated interest rate of 4 percent. The consultant said the…
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