In a recent County Commission Meeting, discussions included Jail Bond Re-Capture. On November 21st, 2023, the Commission received an update on the County's Capital Improvement Plan and its ongoing projects. During this update, staff presented information regarding the potential re-capture of $2,861,095 from the Jail Construction Fund. This reimbursement aims to cover County expenditures for the jail project incurred before the issuance of bonds, including architect fees, land purchase, site evaluations, and related costs.
The proposed action involves transferring $2,861,095 from the Jail Construction Fund, which currently holds a balance of $3,986,218. This transfer will leave $1,125,123 in the fund for any outstanding invoices and/or purchases, ensuring adequate funds to successfully complete the construction project.
The approval of this proposal was unanimous with a 5-0 vote.
