By Bob Belcher
Corsicana Daily Sun
The Navarro County Commissioners Court has scheduled a special meeting for 10 a.m. Monday in the County Courtroom of the Navarro County Courthouse.
On Monday’s agenda, commissioners will be voting on naming a bond counsel to review documents for a possible Certificate of Obligation issue to help pay for the county’s portion of the proposed courthouse restoration project. A list of proposals for a bond counsel was compiled by the county’s financial advisor for the project, Don Gonzales of Estrada-Hinojosa and Company.
The county is considering proceeding with a restoration project funded partially by a state grant of $4.44 million. The project’s overall cost — based on the lowest proposal received from contractors — stands at $10.564 million, plus the cost of an annex building that will be needed after the restoration is completed.
Talks held on the project to date include the issue of Certificates of Obligation as the way to fund the county’s share, a debt issue that would be paid back through property taxes.
Davenport said the bond counsel will review all the documents related to the Certificate of Obligation to make sure they are prepared properly, and done according to law.
Davenport said they are still planning a July 8 vote on giving notice of intent to issue the certificates and making public notice through the publication of legal advertisements required by law. A majority vote of the court is required to give that intent.
If approved by the commissioners at the July 8 meeting, that action triggers a 30-day window for the filing of a petition to require voter approval of the debt issue.
A petition with valid signatures of 5 percent of the county’s registered voters submitted during the 30 day period would require the county to get voter approval to issue the proposed certificates.
The deadline to place such a vote on the November general election ballot is Aug. 26.
Also on Monday’s agenda, a discussion about drought conditions and a possible burn ban will lead off talks.
Davenport Jr. the county is closely monitoring the drought index, with some parts of the county approaching the “trigger” level on the index of 575 on the KBDI chart. A reading of 575 or above is the level at which a burn ban is usually indicated.
Commissioners will also be asked to approve two budget fund transfers for repairs and maintenance, and for machine hire.
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