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Jackson County approves resolution authorizing up to $9.1M for Givens Webster Village infrastructure
Summary
After a brief public hearing, the Jackson County Board of Commissioners adopted a resolution authorizing the issuance of up to $9,100,000 in multifamily housing revenue bonds to finance the acquisition, construction and equipping of Givens Webster Village; staff emphasized the county acts as a conduit and is not liable for the debt.
The Jackson County Board of Commissioners on Wednesday adopted a resolution authorizing the issuance of multifamily housing revenue bonds not to exceed $9,100,000 to support infrastructure for the Givens Webster Village housing project.
County staff presented the bond resolution following a short public hearing and told the board the county would serve only as a conduit issuer. "It is important to note... the county is not liable for this bond, but we are a conduit for the issuance of this bond," a staff member said during the hearing.
The resolution specifies the amount “not to exceed $9,100,000.” The board moved and voted to adopt the resolution; the clerk called the roll and recorded affirmative votes from the commissioners.
No members of the public offered objections during the hearing; staff and commissioners discussed procedural details only. The adoption authorizes staff to proceed with the steps necessary to complete the issuance consistent with state law and the resolution’s terms.
The board adjourned the meeting after completing remaining agenda items.
