The Pulaski County Commissioners held a joint session with the Pulaski County Courthouse Building Corporation during their meeting Monday.
The commissioners and the courthouse building corporation held the second public hearing for the courthouse lease involving the ongoing construction project. Pulaski County Community Development Commission Executive Director Nathan Origer announced this particular lease is between Pulaski County being the lessee and the Pulaski County Courthouse Building Corporation being the lessor. He added this lease is with respect to the renovation and equipping of the Pulaski County Courthouse.
It was announced the term of the lease includes up to 20 years with the lease rental not to exceed $1,135,000 payable in semi-annual installments on June 30th and December 31st of each year during the term of the lease. The public hearing was then opened to the public with no comments made.
The Pulaski County Courthouse Building Corporation then considered the adoption of a resolution that would authorize a trust indenture and authorize the sale of the corporation’s lease rental revenue bonds. A motion was made and seconded. The courthouse building corporation voted unanimously in adopting the resolution.
