County saves big on bond purchase

April 29, 2020

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Lincoln County Emergency Manager Amber Scholten spoke to the board concerning COVID-19 within the county.

By Shelly Finzen

The Lincoln County Board of Commission­ers met for their regular meeting on Tuesday, April 21. Board Chair Joe Drietz was absent. Commissioner Jack Vizecky attended the meeting via teleconfer­ence. All votes during the meeting were by roll-call vote.
Shelly Eldridge of Ehlers Public Financial Advisers spoke to the board con­cerning the purchase of the County’s Taxable General Obligation Tax Abatement Bonds, Series 2020A, to be issued in the original ag­gregate principal amount of $4,925,000. The bond is to finance a portion of the local share of the 2020 Border-to-Border broad­band project. According to Eldridge, interest rates on bonds were very unstable during the month of March…

For the full story, read this week’s Tyler Tribute.