Douglas Commission Approves Bond Agencies for $107M Jail
Good numbers from Moody's and Standard & Poor's could lead to the county receiving better interest for the new facility.
The Douglas County Board of Commissioners on Tuesday unanimously approved two agencies for bond ratings for the $107 million in bonds being used to build the new county jail. The two agencies—Moody's and Standard & Poor's—will collectively cost the county $28,500 for the bond rating assessments. "Frankly, the fee (from bond rating agencies) is much higher than it use to be because they're much more cautious," Commissioner Mike Mulcare said, adding there are also fewer of the agencies because of recent economic troubles. With the county's historically solid credit, Mulcare said he expects to get two good bond ratings. The better of the two scores, he explained, will be used so the county gets better interest rates on the bonds. The …
