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Board approves official statement language for up to $8.5M subordinate LOST bonds
Summary
Supervisors reviewed and approved a resolution deeming final the Official Statement for up to $8.5 million General Obligation Subordinate Local Option Sales and Services Tax Bonds, Series 2026, authorizing distribution to underwriters with final edits by counsel and municipal advisor.
The board reviewed Resolution 2026-0102 concerning the issuance of up to $8.5 million in General Obligation Subordinate Local Option Sales and Services Tax Bonds, Series 2026.
The resolution, prepared with the county's municipal advisor (Piper Sandler & Co.), underwriter (D.A. Davidson & Co.), bond counsel (Ahlers & Cooney PC) and disclosure counsel (Dorsey & Whitney LLP), approves the Official Statement as presented and deems it final for purposes of SEC Rule 15c2‑12, subject to such revisions as the Chair and Auditor determine appropriate. The resolution authorizes distribution of the Official Statement in connection with the offering of the bonds for sale.
The packet language instructs county staff to work with bond counsel and the municipal advisor on any final revisions and to authorize the underwriter to distribute the Official Statement as necessary for the sale process. The resolution form in the packet includes standard certificates and the county auditor attestation language.
