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Board approves bond resolution to finance downtown parking garage, PBC to contribute funds
Summary
Lancaster County voted to authorize revenue bonds to help finance a downtown parking garage; county and Public Building Commission contributions and a not-to-exceed principal were discussed, with staff estimating roughly $17 million to be issued and PBC contributing about $1.5 million.
Lancaster County commissioners voted Jan. 13 to approve a resolution authorizing revenue bonds and related adjustments to master site leases to finance construction of a new parking garage north of the county building.
Karen Peterson, director of facilities and property, said the resolution would allow issuance of revenue bonds to build the parking structure and to consolidate master lease agreements.…
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