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MBA discusses quitclaim transfer and $1.447 million lease revenue bond for clinic project
Summary
Board members discussed transferring clinic property from the county to the Municipal Building Authority via a quitclaim deed, and the planned authorization of a $1,447,000 lease revenue bond that would establish lease terms; the board agreed to post the item again to ensure filing deadlines are met.
During the March 18 meeting, members of the Daggett County Municipal Building Authority discussed mechanics for transferring clinic property from the county to the MBA and the financing structure to support the Health and Social Services Center.
Speakers described a two-step approach: a quitclaim deed to transfer the parcel from the county to the MBA and a separate lease agreement implemented via a lease revenue bond. Speaker 3 told the board the public hearing under consideration would authorize a $1,447,000 lease revenue bond for the clinic, and Speaker 1 clarified the bond would effectively serve as the lease agreement outlining payment terms and the purchase-back arrangement when the bond is paid. Speaker 4 advised the lease and bond be separate documents with a purchase option that would transfer property back once the bond is paid.
Participants agreed to verify differing paperwork language that had been circulated and to re-post the item to the agenda to avoid missing a filing deadline. Speaker 4 raised a procedural concern that Eric’s paralegal sometimes posts documents without explanatory context; Speaker 1 and staff said they would coordinate with Lorinda and legal counsel to ensure the correct documents are posted and reviewed before the next meeting.
No formal bond authorization vote was recorded in the MBA transcript excerpt; the discussion focused on next steps, scheduling, and ensuring the quitclaim deed, bond documents and lease language align before formal action.
