On Monday, the commissioners gave tentative approval for a bond sale deal with Capital One. The bank is offering an interest rate of 3.7 percent for 20 years. The commissioners had been hoping for 21 years, but this was the only fixed rate deal that came close.
With the lower rate, the county might be able to make the payments on the bonds without raising tax rates, and if appraisal values are up just a bit, it will cover it, said
"The new scenario, with 3.7 percent, brings us very close to the
The final contract won't be voted on until the
In the meantime, the work on the exterior of the courthouse has already begun. That work is being paid for from loans from the general fund, according to Hollomon.
The renovation of the courthouse has a lot of moving parts, one of which is the purchase and renovation of the Corsicana ISD administration building and the former
Renovating the buildings to make them into a permanent courthouse annex for the tax office and probation departments still requires some construction work, and yet another contract.
A change order on the deal to renovate the
Another of those moving parts is having the courts and support offices move over to the former
The county hasn't signed the lease yet, and wants to know the status of the equipment before doing so, Davenport said.
"We're still doing due diligence," he said.
Commissioners Court Meeting Briefs
County approves storage lease
Commissioners voted Monday to sign a six–month lease with Ideal Storage for a space in which to put records from the
State grant sought
Having already gotten a federal grant to bring the flood control dam up to high-risk standards, the county will now seek a state grant to help make up the rest of the money. The federal grant will cover 65 percent of the
Cubicles for sale
Having bought a bunch of cubicles, which were going to be used during the county's move to the mall, the county is now left with cubicles it doesn't want or need. On Monday, they voted to declare the cubicles as salvage and will attempt to sell the cubicles.
Dump truck bids rejected
Bids for a used dump truck for precinct 3 were all rejected Monday. All the bids were higher than the maximum allowed under the offer, according to County Commissioner
Boring work OK'd
A request by Byers Engineering to bore underneath gravel roads SWCR 3160 and NWCR 3220 to lay fiber optic cable was approved. The work is out near
JPs to get own fax lines
Approval was given to create three fax lines for the Justices of the Peace's offices. The lines are phone lines already in existence, but they'll be used for faxes. The JPs share a fax line now, but since the offices are going away from a paper fax machine to having faxes come in through the computers in the form of e-mails, that won't work. Instead, they'll have to have a separate fax line for each of the JP's offices.
Commissioners accepted the county tax collector's report, which stated the county is slightly ahead of last year at this time, about .34 percent. As well, they accepted five months' worth of reports from the auditor's office. The auditor has been putting in new software and had to create a new form for reports, which meant the county commissioners didn't see any reports from January to May. They also approved some slight changes in the investment policy forms submitted by the county treasurer.
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