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County OKs underwriter engagement to explore sales-tax revenue bonds for St. George Airport expansion
Summary
Commissioners authorized an engagement with Stifel, Nicolaus & Company to advise the county on potential sales-tax revenue bonds to support a partner-led St. George Airport expansion, noting the board did not approve any bond issuance at the meeting.
Nicole Felshaw briefed the commission on a proposed engagement with Stifel, Nicolaus & Company to serve as underwriter/advisor as the county explores financing options for potential sales-tax revenue bonds in support of St. George Airport expansion.
Felshaw emphasized that the agreement is advisory only and does not approve bond issuance or transfer airport ownership. "So just to be clear here, this is not issuing bonds for the City's benefit... this agreement right here does not issue a bond," the chair clarified during the discussion. Staff will use the underwriter's advice to evaluate financing options and implications for the county; the board voted to approve Resolution R-2026-3738 authorizing the engagement.
