File #: 23-1114    Version: 1
Type: Consent Staff Report Status: Passed
File created: 12/1/2023 In control: Board of County Commissioners
On agenda: 1/9/2024 Final action:
Title: Interest Rate Change on All County Financing (Petition Paving, Utility Assessment Projects, Utility Impact Fees, etc.)
Indexes: Budget, Interest Rate
Attachments: 1. Staff Report, 2. County Financing Interest Rate History

Title

Interest Rate Change on All County Financing (Petition Paving, Utility Assessment Projects, Utility Impact Fees, etc.)

Recommended Action

Staff recommends that the Board of County Commissioners approve the fixed interest rate of 8.5%.  Staff further recommends that this rate remain in effect for calendar year 2024 for all County financing with the exception of projects directly affiliated with a bond issue for which the bond covenants dictate a different interest rate.