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Minnehaha County auditor reports bond-counsel recommendations for Administration Building and Highway Facility funding
Summary
At its March 2 meeting, the Minnehaha County Building Committee heard Auditor Ben Kyte report four bond-counsel recommendations, including using excess cash to fund the Administration Building remodel and directing 2020A bond proceeds to the new Highway Facility and Extension Building; no formal vote on those recommendations is recorded.
Minnehaha County’s Building Committee heard a report from Auditor Ben Kyte at its March 2, 2021 meeting outlining four recommendations from bond counsel for how to fund upcoming capital projects.
Kyte told the committee that bond counsel recommended: adopting a revised remodeling plan for the Administration Building; using excess cash proceeds to fund that Administration Building remodeling; applying current 2020A bond proceeds to the new Highway Facility construction and the Extension Building; and amending the bond issuance supplement so encumbrances from the 2020A issuance are limited to the new Highway Facility and the Extension Building.
The recommendations were presented to the committee for consideration; the minutes record Kyte’s report but do not show a formal committee vote to adopt the recommendations. Prior to the bond discussion the committee approved the February 23, 2021 Building Committee minutes on a motion by Bender, seconded by Barth, with seven ayes.
The recommendations would shift the financing plan for multiple county projects by directing dedicated bond proceeds and available cash to specific work. The minutes do not provide further detail on the amounts involved, timelines for implementing the recommendations, or whether adoption requires additional actions by the commission or a public hearing.
The committee’s next steps on these recommendations are not specified in the minutes. The meeting record notes other agenda items that may affect project sequencing, including architect work on new department layouts for the Administration Building and Extension renovation projects.
