File #: 20-391   
Type: Resolution (Non-Consent) Status: Passed
File created: 8/10/2020 In control: Board of Commissioners
On agenda: 8/25/2020 Final action: 8/25/2020
Enactment date: 8/25/2020 Enactment #: 2020-235
Title: Commissioner Chad Brown - Finance - To Adopt a Preliminary Resolution and Bond Order Authorizing $65,000,000 of General Obligation (G.O.) Refunding Bonds
Sponsors: Chad Brown
Attachments: 1. Adopted 2020-235, 2. Prelim. Findings Resolution & Introduction & Adoption of Bond Order, 3. Debt Statement, 4. Estimate of Interest
Related files: 20-497, 20-425

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Commissioner Chad Brown - Finance - To Adopt a Preliminary Resolution and Bond Order Authorizing $65,000,000 of General Obligation (G.O.) Refunding Bonds

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STAFF CONTACT

Tiffany Murray - Finance Director

BUDGET IMPACT

budget

N/A

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BUDGET ORDINANCE IMPACT

N/A

BACKGROUND

The County is pursuing an opportunity to refund its 2017 School and G.O. Refunding Bonds. Due to the recent decline in tax-exempt borrowing rates, there is a potential $4.3M in savings with a public sale of these select loans.

POLICY IMPACT

N/A

ATTACHMENTS

Resolution, Debt Statement and Estimate of Interest on Proposed G.O. Bonds