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Lancaster County authorizes revenue bonds for parking garage; financial advisors say levy should not raise property taxes
Summary
The Board approved a resolution authorizing revenue bonds and lease consolidations to finance a new parking garage. Advisors told commissioners that retiring Public Building Commission debt offsets the new issuance and that the bond levy remains below prior levels and is not expected to increase property taxes. The measure passed 5-0.
The Lancaster County Board of Commissioners on Jan. 13 authorized revenue bonds to finance a new parking garage and to consolidate related master lease agreements.
Facilities and Properties Director Kerin Peterson introduced the request and presented it as a financing step to permit construction of the garage. The Board heard from financial advisor Scott Keene (Piper Sandler) and legal counsel Mike Rogers (Gilmore Bell), who were available to answer questions.
Commissioner Matt Schulte noted public concern about potential impacts on property taxes. Scott Keene and Budget Officer Dennis Meyer explained that existing Public Building Commission bond obligations that are retiring will offset the new issuance, and Keene said the bond levy "remains well below prior levels and is not expected to result in a property tax increase." The transcript does not specify the bond principal amount authorized in the resolution.
Commissioner Rick Vest moved to approve the resolution; Commissioner Matt Schulte seconded. The Board voted 5-0 to adopt R-26-0006.
Implementation steps were assigned to Facilities and Properties; the transcript records no further scheduling or dollar-amount details for bond issuance.
