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Commissioners weigh phased $95M draw on $105M bond for new public safety facility
Summary
Flathead County staff told commissioners they plan to issue an initial $95 million of an authorized $105 million bond for a public safety facility, leaving capacity to add a later draw if needed; staff cited favorable markets and legal limits on early refunding.
Flathead County officials on Feb. 4 said they will seek a phased bonding approach to finance a proposed public safety facility, asking commissioners to authorize an initial issuance that would preserve flexibility and reduce near‑term borrowing risk.
Pete, county finance staff leading the budget workshop, told commissioners the county has voter authorization for up to $105 million. County staff recommended a first issuance of $95 million and holding the remaining capacity so the county won’t overissue while design and bids are finalized. “Basically, where we’re at is we were approved for a $105,000,000,” the finance update…
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