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County to amend IGA after Business Oregon award for fairgrounds multipurpose building
Summary
Staff told commissioners Business Oregon awarded the fairgrounds $2.5 million for a new multipurpose building; the county will amend the intergovernmental agreement so it can accept funds and document the fair board's responsibility for debt service.
Dan Johnson, director of Transportation and Development, briefed the board on a Business Oregon award of $2.5 million toward the fairgrounds multipurpose building. He said the county must amend the existing intergovernmental agreement (IGA) with the fair board so the county can receive the funds on the fair board's behalf and clarify that a portion of transient lodging tax receipts will be held to cover annual debt service (Johnson referenced an annual debt-service estimate of about $250,000).
Johnson described county staff's increased role reviewing change orders and providing construction management expertise at the fair board's request; commissioners asked about completion timing and cost escalation risks. Johnson said the building's steel is vertical, some delays have been unavoidable, and the county and fair board are working to stabilize the project and pursue additional revenue sources to ensure completion.
Staff said they will move the IGA amendment to the consent agenda for the upcoming business meeting so the loan and IGA amendment can be considered by the full board.
