County to issue $19M in debt
Summit County is poised to issue nearly $20 million in debt, having cleared the last hurdle in the public process last week with a hearing that featured no public participation
.
The county intends to issue $19 million in bonds levied against its future sales tax revenue. The money would be used to pay for facilities projects including a new building or buildings on county-owned land in the U.S. 40 corridor across from Home Depot as well as renovations to other facilities and future planning.
Officials have said the facilities upgrades are badly needed. Summit County Manager Tom Fisher said the funds would be used to improve public works facilities as well as provide more space for the Summit County Sheriff’s Office.