Solid Waste Board Meeting 08 28 2026

The Boone County Solid Waste Board held a meeting on August 28, 2026, primarily focused on discussing bond financing options for a new building project. The board reviewed various financing scenarios comparing local bank loans versus Indiana Bond Bank bonds, considering factors such as interest rates, issuance costs, and repayment terms ranging from 5 to 20 years. They debated the appropriate maximum bond amount, ultimately agreeing on an $8.5 million cap to cover purchase and construction costs, acknowledging uncertainties in final building costs. The board also discussed the procurement approach, favoring a Build-Operate-Transfer (BOT) delivery model to secure a guaranteed maximum price and streamline project management. A resolution (26-03) amending the maximum bond amount was approved unanimously, authorizing the financing process to proceed. The meeting concluded with scheduling future meetings and adjournment.