Miami County Commissioners have approved issuing 6 million dollars in General Obligation bonds to help pay for a new 800 megahertz radio system. The remaining 2.5 million dollars of the roughly 8.5 million dollar project would be covered by the county through a combination of cash reserves, a state 911 grant and other county resources. According to the Miami County Republic, commissioners endorsed a proposal to issue 6 million dollars in General Obligation bonds with a repayment period of 12 years, saying the bond sale will be slated for the morning of December 11th, at which time the interest rate would be locked in, with the commission’s approval of the sale that afternoon. They estimate the interest rate between one and three quarters and two percent. Commissioners say the money fulfills the entire infrastructure for a new radio system for every law enforcement agency, fire department, EMS and Public Works, including towers, dispatch equipment, and mobile and handheld radios for every law enforcement person in the county.
