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Summit County authorizes up to $99M bond sale tied to resort-community sales tax
Summary
Council authorized a bond sale of up to $99 million (preliminary POS $92 million) backed by the resort/impacted communities sales tax; staff reported an AA- rating and estimated interest near 4% and said a competitive sale is expected next week.
Summit County Council authorized a bond sale Jan. 14 to finance projects tied to the recently adopted impacted/resort communities sales tax. The council approved Resolution 20 26-05 authorizing and approving a preliminary official statement and notice of bond sale, allowing up to $99,000,000 in aggregate principal amount of resort-community sales-tax revenue bonds; staff said…
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