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County receives update saying jail bonds could move forward this year, but timing is tight
Summary
County staff said bond counsel believes there is a path to issue bonds for the jail project this year, but key steps — including a possible building‑corporation lease/lease‑purchase structure — mean decisions may be needed by June–July; repayment would likely be charged to county operations.
Jeff Cockrell briefed the Long Term Finance Committee on March 31 about recent discussions with bond counsel regarding the county’s jail project and potential financing timeline.
Cockrell said he and county staff met with bond counsel and were told there is a feasible path to issue bonds this calendar year, but the timing is sensitive…
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