The details
John Robuck, managing director of BOK Financial Securities, and county bond legal counsel Marcus Dietz of Orrick, Herrington & Sutcliffe LLP presented the official timeline for when commissioners would have access to the first wave of bond funds from the $480 million bond issue approved by voters May 3.
Robuck said based on the county's existing bond rating the county will be able to get $120 million through the bond procurement process by July 24.
"We are seeing the markets stabilize a little bit. It's been volatile, obviously, the last couple months," Robuck said. "[Interest] rates have come down, but we're still watching inflation and obviously the employment numbers. We do think with your name and with your rating ... we'll attract a lot of investors."
What else?
Commissioners also authorized a resolution raising the amount of funds commissioners can spend from their own budgets from the previously agreed $8 million to $12.5 million in a resolution presented by Dietz. Budget Director Amanda Carter said this will allow commissioners to have a financial buffer if projects incur costs between bond issuances.
