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Treasurer briefs commissioners on $11.7 million PFD project and proposed bond financing
Summary
County Treasurer Deborah Gardner and Public Facilities District staff updated the board on Phase 1 financing for a Public Facilities District project, presenting an $11.7 million design‑build budget, Department of Commerce feasibility review results, and a proposed bond issuance supported by a sales‑tax rebate; bond documents are expected to come to the board soon for approval.
County Treasurer Deborah Gardner presented a workshop update on Phase 1 financing for the Public Facilities District (PFD). She told the board a third amendment to the interlocal agreement and a resolution authorizing the county to issue bonds will be presented for the chair’s signature and board approval in upcoming agenda materials.
Treasurer Gardner said the county would act as the issuer and that the PFD remains responsible for project debt service, which is expected to be repaid from a state sales‑tax rebate tied to the…
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