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Bond closed and funds moved to PTIF, enabling Daggett County water treatment project to proceed
Summary
A financing milestone for Daggett County's water treatment plant was announced: the project bond has closed and funds were transferred into a PTIF, though staff said final contract/bid amounts are needed before full construction work proceeds; bid openings are scheduled for May 6.
Speaker 3, speaking at the Daggett County Municipal Building Authority meeting on April 22, said the bond for the county's water treatment plant "was closed" and that project funds "have been transferred into a PTIF," marking a financing step the board described as allowing the project to move forward under CIB rules.
"The bond was closed with CID for the water treatment plant project. And I believe they've got and the money's been transferred into a PTIF," Speaker 3 said. He added staff will work on the project's order to proceed and that reimbursements will be submitted "as the different parts of the project are expanding."
Board members clarified that final contract and bid amounts remain necessary before the county can complete all closing steps. Speaker 1 and Speaker 3 said the bid opening related to project work is scheduled for May 6, and that once a final contract amount is determined the county can complete necessary closing formalities.
The update did not include a detailed budget breakdown, a list of contractors, or an exact timeline for construction start; those items were not specified during the meeting. The board recorded the funding transfer as a key milestone and noted procurement steps remain before substantial work begins.
Next steps: staff will complete bid procurement (bid opening May 6 was noted) and present the contract amount needed to finalize remaining closing tasks for the bond and begin reimbursable work under the project's funding rules.
