Commissioners update public on Smith Elementary bond proceeds and jail project spending
The chair reported the county sold bonds with an interest rate near 4.4% to fund Smith Elementary reimbursements and said $700,000 had been moved from a $3 million jail note into a budget fund for ongoing jail expenses; commissioners discussed project bidding and timing and asked staff to request core-drill and soil reports from the architect.
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The chair said the county sold bonds this week and expects to pre-close on the 31st, then close the sale and open a fund to reimburse Smith Elementary. "We, we sold bonds this week. I believe our interest rate was 4.4% with our interest rate on it," the chair said.
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