The supervisors authorized $13,623,000 in general obligation capital loan notes and a property tax levy to repay them, by a 5–0 vote.
Authorized issuing $13,623,000 General Obligation Capital Loan Notes, Series 2026, and levying a tax to pay them. Adopted.
What this means (Bonds and notes): Borrowing.
How each member voted
| Official | Seat | Vote |
|---|---|---|
| Matt McCoy | Dist. 1 | Yes |
| Jill Altringer | Dist. 2 | Yes |
| Mark Holm | Dist. 3 | Yes |
| Tom Hockensmith | Dist. 4 | Yes |
| Angela Connolly | Dist. 5 | Yes |
More from the record
The notes pay for capital improvements and housing programs approved in the FY 25/26 budget, its first-quarter amendment and FY 26/27 budget deliberations. Public hearings on the borrowing were held Apr 7, 2026. Total project costs are estimated at $13,544,604; the memo says the borrowing "will be sized to actual project costs and will not exceed $15.0M," will be fully paid off in June 2027, and carries an estimated 3.5% interest rate. The list of projects is in the agenda packet.
The alternative
No other options were presented in the record.
Money
- Who
- Polk County property taxpayers
- How
- A tax levied to repay the notes; estimated FY 26/27 debt service $13,952,215
- When
- Paid off by June 2027
- Source
- Agenda packet · Minutes (saved copy)
Housing and neighborhood
- Who
- People served by the county’s capital and housing programs
- How
- Funds the projects listed in the packet
- When
- FY 26/27
- Source
- Agenda packet · Minutes (saved copy)
Source Minutes (saved copy) · Agenda packet