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Commissioners to talk ail boiler, AC problems

Commissioners to talk ail boiler, AC problems
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Lamar County receives clean audit report


Lamar County Commissioners’ Court on Monday declared this week National Police Week and Friday as “Peace Officers Memorial Day” at a morning meeting during which the county received a clean outside audit report for the fiscal year ended September 2020.
“Just as police officers never let down their guard, we must never let slide our gratitude,” the court’s proclamation states. “We should extend our thanks not only in times of tragedy, but for every tragedy averted — every accident avoided because a patrol officer took a drunk driver off the streets, every child made safer because a criminal was brought to justice and every life saved because police officers raced to the scene.” ....

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Lamar County sells $4.5M in certificates of obligation


With the highest bond rating in county history, Lamar County Commissioners’ Court sold $4.5 million in certificates of obligation at an interest rate of less than 1% at a Monday meeting.
Funds will be used to buy equipment and materials to improve county roads, replace jail doors at the county jail and to make repairs to the roof and air handling system at the courthouse.
FHN Financial Capital Markets of Memphis, Tennessee, turned in the low interest bid of 0.947630% among eight other financial institutions.
“You received a AA rating from Moody’s rating agency, which is the highest rating the county has ever had,” said Mark McLiney, senior managing director of SAMCO Capital Markets. “The strengths they pointed out included strong financial operations, strong liquidity, meaning you have very good fund balances, and very low debt compared to other counties, and you have low operating costs. The one weakness noted is per capita valuation.” ....

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