Fannin County Commissioners Court set to issue bonds to pay Justice Center
Fannin County, Texas — The five members of the Fannin County Court of Commissioners were in attendance for a regular meeting held Tuesday, April 26, 2022. The meeting opened with an invocation from First Baptist pastor Chad Lutweiler Church in Leonard, Texas and the pledges were led by Fannin County Judge Randy Moore.
A brief update of the 1888 Fannin County Courthouse restoration included:
Friday’s visit revealed several issues including the generator starting and a leaking water seal
Awaiting certificate of occupancy
The Fannin County Commissioners Court voted to renew an agreement between 903 Broadband and Fannin County to exchange use of towers and premises.
Fannin County is responsible for the tower and 903 Broadband is responsible for Internet service.
Bonham Fire Chief Scott Ridling presented the EMS monthly report for March 2022.
County residents suffered two electrocutions and five dog bites.
The department is short of two employees, but the hiring process is underway.
A resolution of the Fannin County Commissioners Court authorized and approved the publication of the Notice of Intention to Issue Certificates of Bond; comply with the requirements contained in Securities and Exchange Commission Rule 15c2-12; and provide an effective date.
Mark McLiney, senior managing director at SAMCO Capital Markets, Inc., told the court of commissioners that issuing a notice of intent is the first legal step in issuing bond certificates.
A June 28 bond sale not to exceed $11 million is expected to allow the county to purchase the real estate for a justice center, renovate the existing building, with remaining funds potentially going to the Road & Bridge fund.
Mr McLiney advised the court of commissioners that a sale on June 28 should result in funds being available in July.
Interest rates have risen, he noted, explaining that he expects an interest rate close to 4%.
He also predicted that due to the unprecedented growth the county is experiencing, this project will have little to no impact on the tax rate.
“It looks very promising,” McLiney told the court of commissioners.
Over the past three years, the county has averaged nearly a 12% annual increase in assessed properties.
Judge Moore said the architect expects the renovation to cost $9 million and the cost of the property to be $2 million.
“We need a risky construction manager,” Moore suggested.
PCT. 4 Commissioner Dean Lackey said the Road & Bridge Fund needs more money to maintain the roads, especially with the unprecedented growth Fannin County is experiencing.
“We have to make it a priority,” Commissioner Lackey added.
Judge Moore said he expects new revenue to allow the county to allocate more money to improve roads in the county.
The Fannin County Court of Commissioners approved the Treasurer’s Financial Report and Treasurer’s Investment Report for March 2022.
The Fannin County Commissioners Court has approved the designation of the private road located off CR 4535 in Trenton, Property ID #72425, at Lyla Lane.
The Fannin County Commissioners Court has approved the designation of the private road located off CR 4910 in Trenton, Property ID #71761, at IC Creek Ranch Road.
The Fannin County Commissioners Court voted to accept a quote and purchase a dump truck for Precinct 3 from the V&T Truck Center for $69,641.40.
The Fannin County Commissioners Court voted to approve an order renewing Whitewright Solar, LLC’s reinvestment area for five years, with the renewal date beginning April 16, 2021.
The Fannin County Commissioners Court voted to approve an order permitting the sale of fireworks in Fannin County for Memorial Day during the period May 25, 2022 through midnight May 30, 2022.
The Fannin County Commissioners Court voted to approve payment of the bills.
The Court of Commissioners discussed moving to the Fannin County Courthouse once a certificate of occupancy is issued.
The Fannin County Commissioners Court filed an agenda item that would have defined the new location of the Fannin County Courthouse and the Fannin County Commissioners Court.
The Fannin County Commissioners Court also filed an agenda item calling for approval of an ordinance designating the location of all notices, subpoenas and postings required by law.
The Fannin County Commissioners Court filed an agenda item that would have approved an order designating the method of posting all official and legal notices by the county clerk.
The Commissioners Court has approved the County Court‘s criminal records to be moved to a location at 200 East 1st Street where they can be scanned.
The Fannin County Commissioners Court has approved the May 5, 2022 National Day of Prayer to be held at noon on the north side of the Fannin County Courthouse.
Judge Moore mentioned that a wind farm is being considered to be built between Dodd City and Honey Grove, but he warned that placing the 800-foot-tall wind turbines in an area between two new lakes would not be conducive to the developers’ plans. for this area.
He also reminded residents to continue to contact elected officials regarding VA’s proposal to move significant proportions of Bonham VA to the metroplex.
“We’re going to lower tax rates,” Moore said in closing, referring to the growth the county is enjoying.