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Commissioners authorize bond authorization language for 711 E. Monument Ave. project (Resolution 26‑0815)

Board of County Commissioners, Montgomery County · May 14, 2026
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Summary

The May 14 minutes list Resolution 26‑0815 to authorize issuance and sale of economic development revenue bonds for the 711 E. Monument Ave. project in an amount not to exceed $14,000,000 and to authorize related documents; the transcript records the agenda language and motion notation but does not record a vote tally or final outcome.

The Board of County Commissioners’ May 14, 2026 agenda includes Resolution 26‑0815 authorizing the issuance and sale of economic development revenue bonds for the "711 E. Monument Ave. Project" in an aggregate principal amount not to exceed $14,000,000. The agenda text also indicates authorization to execute a trust indenture, a loan agreement, a bond placement agreement, and a tax exemption certificate and agreement, and to take other actions in connection with issuance of the bonds. The transcript appends the notation "J.D. - C.R." after the item; there is no recorded discussion, vote count, or further elaboration in the transcript.

The resolution language in the minutes names the project and a maximum principal amount ($14,000,000) but does not specify bond terms, timelines, underwriter, or repayment sources in the transcript. The record does not include a vote tally or an explicit outcome; the minutes end with an adjournment at 11:36 a.m.