Estimated Project Cost: $42,675,140

• Walsh County has $5,000,000 set aside to address anticipated building and infrastructure needs.

• The Infrastructure Loan Fund through the Bank of North Dakota provides low-interest loans for local government entities to construct necessary infrastructure. The County will apply for the maximum loan amount of $20,000,000; this loan would be repaid with the requested increase in the general fund levy and a portion of the Capital Projects Levy. The maximum term for this loan is 20 years.

• Capital Projects Levy Bonds (approximately $6.4 million) and Sales tax Revenue Bonds (approximately $11.2 million) will be sold in the open market for the remaining balance. The Capital Projects Levy has already been in place for 2 years and will not cause any additional tax impact. The requested sales tax to repay the sales tax bonds is 0.75%.

• The proposed term for sales tax revenue bonds is 30 years; however, sales tax revenues may allow for those bonds to be retired sooner than 30 years.

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