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Commissioners approve resolution to begin up to $30 million Hazel 146 Street bond process
Summary
Hamilton County commissioners voted to start the bonding process for the Hazel 146 Street project with a bond authorization request not to exceed $30 million; the measure moves next to council for approval and the county will proceed to rating and sale preparations.
Hamilton County commissioners voted to start the bonding process for the Hazel 146 Street project, approving Resolution 0413261 to seek bond financing in an amount not to exceed $30 million.
The county attorney introduced the resolution, saying it would begin the bonding process for the Hazel 146 Street project and that funding would come primarily from the major bridge fund with backup sources available. "This is just a resolution to start the bonding process for the Hazel 146 Street bond and an amount not to exceed $30 million," the attorney said. Staff added that, if approved, the matter will proceed to the county council for approval and then to the rating process.
Commissioners moved and approved the resolution at the meeting; no roll-call tally was recorded in the transcript. County staff on hand for questions included a finance representative who said the same funding sources used in prior bridge projects (2022–2023) would be used for this issuance.
The resolution authorizes staff to move the project toward market rating and sale but does not itself commit the county to a final financing structure. Next steps identified during the meeting are council consideration and completion of the bond rating process.
