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Putnam County advances annex financing plan; introduces two bond ordinances for April 21 vote
Summary
County financial advisers presented options for financing a proposed annex (estimated at $15.82 million); the council introduced two bond ordinances to preserve timing and discussed preferring a 10-year term to limit tax impacts.
Putnam County commissioners and outside advisers briefed the Putnam County Board of Council on financing options for a proposed annex project and introduced two ordinances to keep a financing timetable on track.
Emma Adlam of Baker Tilly presented revised financing options and emphasized choices about method of sale, available cash, and term/interest tradeoffs for a project she estimated at about $15.82 million. Adlam…
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