Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget Finance topic
No spam. Unsubscribe anytime.
Officials say CIB loan will be repaid with enterprise revenue, not county taxes
Summary
County and town officials clarified a CIB loan decision and repayment plan: county staff said the loan decision (1% interest) is structured for reimbursement and the town expects to use RV dump revenue and enterprise funds to service the debt, not county general tax revenues.
Residents at the May 26 meeting expressed alarm that a CIB loan and associated projects would ultimately be paid by county taxpayers. Commissioners and a CIB appointee explained the difference between funding approval and permitting, and described how reimbursement and enterprise accounting work.
A CIB‑board appointee who sits through the UNO Basin AOG process said: "When I sit on the CIB board, I'm not representing Daggett County ... I am there as an appointee through the UNO Basin Association of Governments." The appointee added that CIB's role is funding—subject to project requirements—and that the town must meet permitting and legal conditions before reimbursements are issued. He and others said the CIB decision in this case established a 1% loan rate.
Town officials told the commission the RV dump's fees would be the first repayment source and that capital-improvement/enterprise funds would be backstops. "The county is not paying for it," a town representative said during the meeting; he added that enterprise funds and planned rate increases are intended to keep the water and sewer systems viable. The meeting record includes no formal county commitment to subsidize the town's loan with general-tax revenue.
