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County finance adviser presents bond plan for roads and jail; court accepts plan for review
Summary
Hilltop Securities presented an illustrated plan to issue two bonds—approximately $30 million for Phase 1 roads and $24 million for jail construction—using 20‑year amortization and a competitive sale planned for August; commissioners accepted the plan for further review and authorization steps.
Jim Sabonis of Hilltop Securities presented the county’s plan of finance on March 10, detailing two separate bond issues: an unlimited‑tax road bond sized to fully fund a $30 million road‑project fund (net of premiums and issuance costs) and limited‑tax jail bonds to fund approximately $24 million of jail improvements. Sabonis explained…
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