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Pottawattamie County institutes proceedings and authorizes issuance of $6 million GO notes for public‑safety communications
Summary
Following a public hearing the Board instituted proceedings and adopted resolutions to issue up to $6,000,000 in General Obligation Capital Loan Notes to fund peace‑officer equipment and emergency communications infrastructure; the measure passed with recorded dissent.
Pottawattamie County supervisors moved forward with financing to upgrade public‑safety communications and equipment, instituting proceedings and authorizing the issuance of up to $6,000,000 in General Obligation Capital Loan Notes (Series 2026) after a public hearing on Feb. 24.
The Board first set the hearing and publication schedule on Feb. 3 and then held the required public hearing before adopting Resolution No. 18‑2026 to institute proceedings and Resolution No. 15‑2026 to authorize issuance of the Series 2026 notes. The published notice accompanying the hearing estimated the annual increase in property taxes for a residential property with an actual value of $100,000 would not exceed $8.06 for the financing authority being established.
The levy schedule included amounts by fiscal year to cover principal and interest payments; the Board also noted it would file an amended levy based on final sale terms. Roll‑call votes on the final authorization recorded ayes from Brian Shea, Susan Miller and Keith Jones and recorded Supervisor Tim Wichman as opposed; Supervisor Jeff Jorgensen was absent. The Board designated the debt service fund as the repayment source.
County staff were authorized to proceed with negotiations, prepare sale documents, and complete required publications and filings. The Board’s actions included a declaration of official intent under Treasury Regulation 1.150‑2 to reimburse certain capital expenditures from bond proceeds once issued.
