Brazos County commissioners approve rare long term financing

Oct 8, 2020 · 4m 34s
Brazos County commissioners approve rare long term financing
Description

This podcast is a visit with Brazos County judge Duane Peters and WTAW's Bill Oliver. Brazos County commissioners rarely consider borrowing money. There was a unanimous vote to proceed with...

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This podcast is a visit with Brazos County judge Duane Peters and WTAW's Bill Oliver.

Brazos County commissioners rarely consider borrowing money.

There was a unanimous vote to proceed with borrowing $20 million dollars for a variety of projects.

The 20 year certificates of obligation have what county judge Duane Peters described was a "phenomenal" interest rate of 1.681 percent.

The borrowed money will pay for the county's new extension office building, a new precinct one justice of the peace and constable building, buying land for future precinct one and four road and bridge maintenance yards, roof replacements and repairs on existing buildings, and county road improvements and repairs.
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Author Bryan Broadcasting
Organization Bryan Broadcasting
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