OTTAWA — As the county makes last-minutes changes to the plans for the new juvenile detention center at Second and Beech, the county has received new last-minute estimate on the bond costs. County Commission Chair Ed Taylor said the county received an unexpectedly lower bid for interest costs for the bonds used to finance the $1.83 million construction costs. Most of the bonds were to have been paid off from rental revenue from the county annex. Because of the lower interest costs, Taylor says the county will be able to pay all of the bonds off from the annex lease revenue, meaning the county shouldn’t need to use any tax money to help pay off the detention center. The purchase of the annex, which was a former grocery store, continues to prove the wisdom of early commissioners in buying it, he said. The bonds on the annex will be paid off in two years, and what lease income isn’t used for maintaining and operating the annex and other expenses will go into paying off the juvenile detention bonds, he said.
Tuesday, May 3, 9:30 a.m.
