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Sups to hold special session

First of two GO bond offerings to be discussed

December 4, 2012
Anne Blankenship ( , The Daily Freeman Journal

The Hamilton County Board of Supervisors will meet Tuesday morning at 9 a.m. to discuss the first of two offerings to refinance General Obligation bonds for various county projects.

The supervisors are expected to approve the resolution involving $10 million in bonds. The second offering, to be voted on at a later date, would provide for refinancing of up to $8.75 million in bonds.

At a meeting Nov. 28, the supervisors approved the refinancing, which would provide $600,000 for Hamilton County Conservation for the construction of five new cabins in county parks; $200,000 for the remodeling of the new Hamilton County Public Health; and the refinancing of pnotes for Red Bull Drive and the courthouse parking lot project.

Board Chairman David Young said the refinancing would also provide Van Diest Medical Center a savings of about $1 million over time. The total offering for the hospital would be just shy of $14 million of the bonds to be refinanced.

Supervisor Wes Sweedler said the county portion of the refinanced bond - for Red Bull Drive and the parking lot- is just under $2.2 million. Less than $700,000 of that total will be serviced by property taxes, he said. The remainder will come from local option sales tax funds or revenues.

Also on the agenda for Tuesday, the board will review the 2012 Urban Renewal Report and will discuss a claim and a wage adjustment for the assistant county attorney.



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