10/21/1981 - Laserfiche WebLink

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� OCT 211981 BQdK 7 FACE 809 JAIL RENOVATION OR REPLACEMENT Chairman Lyons reported that the original estimate of about $150,000 to keep the jail usable until we can plan and build a new facility now has risen to about half a million dollars. Some suggestions have been made in regard to improvements that are considerably less extensive than the original concept, and the Chairman felt that the suggested alternative improvements, plus the additional personnel requested by the State, which would be added on a month to month basis until we reached the required manning, would serve to keep the jail usable for a time without going into such a tremendous expenditure. He recommended that, in the meantime, we start the process of the jail design, look for an architect, and in general find out what we have to do towards building a new jail. Intergovernmental Coordinator Thomas reported that the Chairman of the Public Safety Committee had requested that he be appointed as financial advisor on a long range basis for the eventual building of a new jail. He reported that after doing some research, he has discovered that most of the grants available have been on a matching basis (40/60 or 50/50). If the jail is built in conjunction with Civil Defense headquarters, the State will bear certain additional expenses. Mr. Thomas then reported on a new financial method for construction of jails on a long term basis, and he requested that the Board give a few minutes to Stan Livingood who has handled such financing in Lee County. Stan Livingood of Arch Roberts & Co. explained that the financing utilized in Lee County was tax exempt financing where the actual issuer of the bonds was a not-for-profit corporation formed with the blessing of the Lee County Commission and the County, in effect, granted a second lien on the non ad valorem revenue to secure the bonds. He explained that this type of financing offers several advantages; there is no validation because it is a