• Arizona
  • Thursday , Feb 1 , 2018

Area Info

3 minutes reading time (691 words)

Board of Supervisors Looking at Long-term Debt Proposal in Pinal County

Pinal County Board of Supervisors

The Board of Supervisors will be looking at a long-term debt proposal in Pinal County.

The long-term debt will be used to prepay a portion of the County's future pension contributions with respect to the Arizona State Retirement System ("ASRS") directly to ASRS according to a written agreement between the County and ASRS.

The total estimated financing cost will be $137,936,563, consisting of an estimated principal amount of $90,915,000 and total estimated interest of $47,021,563.

The public hearing is scheduled to take place during the Board of Supervisors' meeting on Wednesday, March 16, 2022, at 9:30 a.m. The Supervisors will hear this item as part of a public hearing during the regularly scheduled meeting. The public is invited to comment on this issue at the public hearing or by emailing: This email address is being protected from spambots. You need JavaScript enabled to view it..

You can also mail your comments to the following address:

Pinal County Board of Supervisors
c/o Natasha Kennedy, Clerk of the Board
P.O. Box 827
Florence, Arizona 85132

Written comments shall be no more than 250 words.

The complete text of the required public notice is shown below.

NOTICE OF PUBLIC HEARING ON PROPOSAL OF THE BOARD OF SUPERVISORS OF PINAL COUNTY, ARIZONA, TO INCUR A LONG-TERM OBLIGATION NOT SECURED BY THE FULL FAITH AND CREDIT OF SUCH COUNTY

For purposes of Section 11-391, Arizona Revised Statutes, the Board of Supervisors (the "Board") of Pinal County, Arizona (the "County"), will hold a public hearing on March 16, 2022, at 9:30 a.m. in the Board of Supervisors Hearing Room, Administrative Complex, 135 North Pinal Street, Florence, Arizona, regarding a purchase agreement (the "Agreement") to be secured by a pledge of amounts of certain general excise taxes which the County now or hereafter imposes, except for any taxes hereafter imposed for an inconsistent purpose; excise taxes and transaction privilege (sales) taxes imposed and collected by the State of Arizona (the "State"), or any agency thereof, and returned, allocated or apportioned to the County, except the County's share of any such taxes which by State law, rule or regulation must be expended for other purposes, vehicle license taxes distributed or deposited to the County's general fund and/or other legally available revenues, to prepay a portion of the County's future pension contributions with respect to the Arizona State Retirement System ("ASRS") directly to ASRS according to a written agreement between the County and ASRS. (More detail about the foregoing will be provided in analysis provided to the Board at the hereinafter described hearing.) The Agreement is estimated to be in the principal amount of $90,915,000 and, with total estimated interest of $47,021,563, to have a total estimated financing cost of $137,936,563.

The Board will receive oral comments at the hearing and will receive written comments at any time before adopting the resolution of intention with respect to the Agreement which will be considered no earlier than March 31, 2022 (the "Resolution"). Written comments, which shall be no more than 250 words, can be submitted to the Clerk of the Board by close of business (5:00 p.m.) the day prior to the day the Board will consider adopting the Resolution by email to This email address is being protected from spambots. You need JavaScript enabled to view it. or mail to Pinal County Board of Supervisors, c/o Natasha Kennedy, Clerk of the Board, P.O. Box 827, Florence, Arizona 85132. The notice of such hearing posted on the website of the County also includes an electronic link for submitting electronic comments at any time before adoption of the Resolution.
Font size: +
×
Stay Informed

When you subscribe to the blog, we will send you an e-mail when there are new updates on the site so you wouldn't miss them.

Legacy Traditional Schools names Jennifer Turney p...
Board of Supervisors Approve New Supervisor Distri...
 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Wednesday, 18 May 2022

Captcha Image

Stay Connected

Champion Charter School

Champion Charter School

San Tan Valley, Pinal County
J.M. Kuhstoss Remodeling Pros

J.M. Kuhstoss Remodeling Pros

San Tan Valley, Pinal County
No More Stink

No More Stink

San Tan Valley, Pinal County
Leading Edge Academy

Leading Edge Academy

San Tan Valley, Pinal County
East Valley Home Checks

East Valley Home Checks

San Tan Valley, Pinal County
Taseko Florence Copper

Taseko Florence Copper

Florence, Pinal County
Rural Metro Fire

Rural Metro Fire

San Tan Valley, Pinal County
LA Fitness

LA Fitness

San Tan Valley, Pinal County

Daily News

Wait a minute, while we are rendering the calendar

Upcoming Events

18 May
Campfire Tales
05.18.2022 6:30 pm - 7:30 pm

Kids ages 8-12 are invited to sit by the campfire and hear some fun, but spooky stories, roast some marshmallows and play a game.

19 May

Deep Sea Valkyries is once again supporting a...

Read more

20 May

Deep Sea Valkyries is once again supporting a...

Read more

20 May
Coffee with Vets (AUX)
05.20.2022 9:00 am - 11:00 am

The American Legion Auxiliary is hosting Coffee with Veterans every third Friday of each month.

22 May
BINGO!
05.22.2022 12:00 pm - 4:00 pm

It's time for Bingo at the San Tan Valley Veteran Center!

23 May

Deep Sea Valkyries is once again supporting a...

Read more

24 May

Deep Sea Valkyries is once again supporting a...

Read more

24 May
San Tan Leads Meeting
05.24.2022 7:30 am - 9:00 am

San Tan Leads is a one person per industry professional business leads group. Founded in 2008, the group meets every Tuesday morning from 7:30am-9am.

Partners

Advertise your business to hundreds of thousands of potential customers, while supporting your local news resource at the same time. Our Partners help us provide you with services and information to help keep you informed.

Become A Partner

Follow Us

0
Our San Tan Valley Community Keeps Growing!

San Tan Valley News

Residential Fire in San Tan Valley

May 17, 2022 Hits:1065

Struggling to find infant formula?

May 14, 2022 Hits:1039

UPDATED: What's Building ....

May 06, 2022 Hits:678076

About SanTanValley.com

About SanTanValley.com

Search