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Board of Education seeks county's pledge on $40 million warrants; attorneys advise levy extension
Summary
County attorneys said the Board of Education asked the commission to pledge not to rescind a school tax while $40 million in warrants finance various school projects; attorneys recommended extending the levy to match the warrants' repayment term and to sequence an ordinance followed by a resolution at the next meeting.
The county attorney reported that the Chilton County Board of Education is considering issuing $40 million in warrants to finance school facility projects, including a new career-technical and central office building and additions at Thorsby High School. The school board requested a county resolution agreeing not to rescind the tax that secures repayment while the warrants remain outstanding.
Attorneys advised the commission that the warrants are 30-year instruments and said the tax levy currently sunsets in 2043 (having been extended in 2023). To avoid obligating future commissions without clarity, the county attorney suggested extending the levy for the warrants' expected term; he recommended the commission adopt an ordinance and then a resolution in sequence at the next meeting.
A representative of the school board was present and will appear for the formal request. Commissioners signaled they would take up the ordinance and resolution at the next meeting.
