Comal County Commissioners will meet two days ahead of the July 4 holiday to consider a refunding measure to retire remaining 2012 bond debt at 8:30 a.m. Tuesday in commissioners courtroom, 100 Main Plaza in New Braunfels.
In 2012, the county issued $14.86 million in bonds to pay for completing work on the Krueger Canyon Dam; right-of-way land acquisition for U.S. 281 expansion; the county’s share of future Farm-to-Market Road 306 improvements and computer software upgrades for the county’s judicial system.
County Judge Sherman Krause said Friday that the move essentially refinances the remaining $4.950 million due on the bonds at a lower interest rate.
“The bottom line is the interest rates today are better than they were in 2012 when we originally issued the bonds,” he said. “We won’t know exactly what it will amount to, but we anticipate it saving the county well excess of $100,000 by refunding and paying off the debt at a lower interest rate.”
Along with entertaining comments from citizens and reports from county staffers and elected officials on items of community interest, commissioners on Tuesday will also discuss and consider approving:
• Amended plats and final plats for combined lots and additions in sections of the Waggener Ranch, Scenic Heights, The Summit and Deer River subdivisions;
•Acknowledge completion of private roads and storm water drainage improvements within a portion of the Lantana Ridge subdivision and releasing the developer’s associated surety bond.
•Consider awarding a bid for hot mix asphalt used by the road department.
•Line-item budget transfers to fund travel expenses for training a new environmental health department employee and cover additional costs associated with approved computers and monitors for the tax office.
Tuesday’s meeting will be live streamed to the public. To access the video and this week’s agenda, visit www.co.comal.tx.us/agenda.htm.