Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Debt Issuance topic
No spam. Unsubscribe anytime.
County authorizes $7.25 million promissory note sale to fund jail schematic design, courthouse and highway projects
Summary
The committee approved a resolution to award the sale of $7,250,000 in general-obligation promissory notes (Series 2025A) to fund schematic design for a jail, a courthouse remodel and highway projects; final sale numbers will be provided after the sale next Tuesday.
Finance staff presented a resolution to award the sale of $7,250,000 in general-obligation promissory notes, Series 2025A, saying the proceeds will support schematic design for a jail project, a courthouse remodel and highway projects. The director said the sale is scheduled to occur the next Tuesday morning and that final numbers will be provided to the county board as soon as they are available.
Committee members moved to approve the resolution and the chair declared the motion carried. Staff emphasized that the sale is part of a planned multi-year debt-management strategy and that the final amortization and interest figures will be shared when the sale completes.
