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Commission approves Resolution 083126 to place county general-obligation bond
Summary
Commissioners approved Resolution 083126 authorizing placement of the county's general-obligation bond and bond purchase agreement, combining Peterson Ranch benefit district street work and a solid-waste tipping-floor project to lower interest costs.
Britney Phillips, Raleigh County budget and finance officer, presented a combined bond placement for two projects — the Peterson Ranch benefit district street project and a solid-waste tipping-floor project — saying the combination lowered interest costs and that Peterson Ranch will only be charged for its project costs. "So, of course, Peterson Ranch benefit district will only be charged for what is associated with the cost of that project," Phillips said before asking the commission to approve the placement and resolution.
Commissioner (speaker 3) moved to approve Resolution 083126, the Chair seconded, and the commission approved the resolution by voice vote. Phillips said Commerce Bank (listed as Clayton Holdings in the documents) offered the best interest rate and flexibility for early payoff of the solid-waste financing; no dissent or roll-call tally with individual names was recorded in the transcript.
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