DEPARTMENT: Finance
FILE TYPE: Regular Information
TITLE
title
Update On Dakota County Bonding Process
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PURPOSE/ACTION REQUESTED
Receive an update on the draft bond schedule and seek direction on eligible projects for bonding from the County Board.
SUMMARY
On August 13, 2024, Dakota County financial advisor, Ehlers, presented the County Board with a draft long-term financial plan with potential capital projects identified for debt issuance. Following discussion, the County Board identified the following projects for potential debt issuance:
• Lebanon Hills Maintenance Facility
• Wentworth Library Renovation
• Burnhaven Library Renovation
Staff will present a draft bond schedule for the County Board to review and is seeking further direction on which capital projects should be considered for debt issuance. Staff will also review potential bond amortization schedules and their impact on future budgets.
RECOMMENDATION
recommendation
Information only; no action required.
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EXPLANATION OF FISCAL/FTE IMPACTS
None.
☒ None ☐ Current budget ☐ Other
☐ Amendment Requested ☐ New FTE(s) requested
RESOLUTION
body
Information only; no action required.
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PREVIOUS BOARD ACTION
None.
ATTACHMENTS
Attachment: None
BOARD GOALS
☐ A Great Place to Live ☐ A Healthy Environment
☒ A Successful Place for Business and Jobs ☐ Excellence in Public Service
CONTACT
Department Head: Paul Sikorski
Author: Karen Cater