Agenda Item Name:
Title
Capital Improvement Revenue Bonds for Tax Collector Building and Medical Examiner Building
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Presenter:
Tommy Crosby/Todd Hutchison
Description:
The County has sought counsel for the issuance of Capital Improvement Revenue bonds for the purchase of the medical examiner building in the amount of $3,750,000 and a building for the Tax Collector in the amount of $4,400,000.
Recommended Action:
Recommended Action
Approve the resolution authorizing the issuance of Capital Improvement Revenue Bonds Series 2020A for $3,750,000 and Capital Improvement Revenue Bonds Series 2020B for $4,400,000; authorize the Chair to sign the interlocal agreement with the Tax Collector outlining the debt service agreement for the Series 2020B bonds; approve the PSA attached hereto, authorize staff to negotiate and finalize the PSA for the ME Building, and authorized the Chair to execute the final PSA provided material provisions are not substantially revised; and approve the budget amendment recognizing the unanticipated revenue and appropriating the related expense.
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Prior Board Motions:
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Fiscal Consideration:
Fiscal Consideration
The purchase of the medical examiner building was budgeted and the transaction will be recorded in Fund 331.
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Background:
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