The Pulaski County Council continues making funding arrangements for preliminary work on the courthouse renovation and justice center expansion. Council members passed a resolution Monday allowing those costs to be reimbursed once bonds are issued.
Community Development Commission Executive Director Nathan Origer serves as the county’s liaison on the project. “It doesn’t bind you to any specific dollar amount or specific tasks,” he told council members. “It just gives the county the authority to undergo those tasks, to incur those costs, and for you as a council, when the time’s appropriate, to add those numbers into the final bond amount.”
Reimbursement resolutions are a typical part of the bond process. Origer noted that the resolution could apply to funds that have already been spent. In this case, there are hundreds of thousands of dollars in architect, bond counsel, and municipal advisor fees.
Origer said the resolution was specifically for the general obligation bond that will be used for the Justice Center portion of the project. The bond for the courthouse work won’t come until later.
