Commissioners authorize bonds for Slate Lick lateral drainage project
Summary
The board approved Resolution 26-631 authorizing issuance and sale of bonds (maximum principal amount listed as $31,546.48) to pay property owners' portions of Slate Lick lateral watershed drainage improvements; staff said closing on the debt is set for Sept. 24.
County staff presented Resolution 26-631 to authorize the issuance and sale of bonds to finance property-owner portions of improvements to the Slate Lick lateral watershed drainage area. The resolution text in open session listed a maximum principal amount of $31,546.48 and described work including acquiring interests in real property, clearing obstructions, deepening and otherwise improving the drainage channel; staff told the board the closing on the debt would occur on September 24.
Commissioners moved, seconded and voted to approve the resolution. No public comment or challenge to the project details was recorded during the meeting; the transcript records two votes recorded as 'Aye.' The record does not include further financing terms beyond the maximum principal amount stated in the resolution language presented in open session.
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