SPRINGFIELD, Mo- The Greene County Commission signed $70 million worth of paperwork Tuesday morning.
Greene County Presiding Commissioner Bob Cirtin, District 1 Commissioner Harold Bengsch and District 2 Commissioner Lincoln Hough signed a bond sale agreement at 9 a.m. Tuesday, at the Commission offices.
The bond sale, which will have proceeds of approximately $69.7 million, will help fund several important projects, including a Greene County operations center, the Greene County Jail expansion and remodel, and a remodel of the Judicial Courts facility.
Once complete, the new operations center will house general services, maintenance/custodial and building operations. The jail expansion will consolidate services and increase capacity to house approximately 1,200 inmates. The Judicial Courts will convert approximately 51,000 square feet of space into additional courtrooms and court support areas.
The proceeds from this bond sale will pay for the majority of the estimated expenses for these projects and sales tax revenue will be used to make bond payments.
Greene County was able to realize a low-interest rate on the bond sale. The results of the sale indicate a lower bond interest rate – from an anticipated 3.4610% to 3.3926%. That means a savings of $840,287.50 in interest cost over the life of the bond.
Other recent milestones related to the sales tax resolution:
- N-Form and Treanor HL selected as architects for jail expansion – April 11, 2018
- Tax oversight committee holds first meeting – May 17, 2018
- Healthy Living Alliance Task Force on Substance Abuse and Mental Health formed – May 24, 2018
- Demolition begins on Boonville Avenue buildings – June 18, 2018
- Animal Control reinstated to urban service boundary area – July 1, 2018
- Contract approved from JE Dunn and DeWitt & Associates for Construction Manager At Risk – Aug. 9, 2018
(Edited Press Release)