Former Ada County Commishes created an end-run around voters some 23 years ago when they convinced an out of county judge that “annual lease payments” to the Capital City Development Corp. (CCDC) were not long term debt.
The current Ada County Commishes see it differently. They are proudly planning to payoff the “Ada County Courthouse bonds,” which the previous board claimed never existed. The old commishes never got voter approval for the debt because it was called a “lease.” CCDC has owned the Ada County court house (and debt) all these years as a pseudo “landlord.” This payoff comes 7 years early, saving the county and taxpayers approximately $6 million in future bond interest that will not need to be paid. It will be a one-time $37 million expense.
Thursday, July 17 at 6:00 p.m., the Board of Ada County Commissioners will hear a public presentation of Ada County’s proposed Fiscal Year (FY) 2014-2015 budget, presented by the Ada County Clerk/Auditor/Recorder. The presentation will take place in the Ada County Courthouse Public Hearing Room at 200 W. Front St. in Boise.
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