Yankton County Construction Bond (2005)

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The Yankton County Construction Bond was an $8,000,000 bond issue brought before the citizens of Yankton County. In 2005 the Yankton County Commission adopted a "Resolutionof Necessity" declaring that general obligation bonds were required to fund the construction of improvements to the Yankton County Courthouse and Safety Center.

This bond issue was one of about 40 issued in the state in 2006, and the only one that was put out to competitive bid.[1]

Text of Proposition

"Proposition to Issue Bonds
Should the county issue its general obligation bonds in an amount not to exceed $8,000,000 for the purpose of paying the cost of constructing additions and improvements to the Yankton County Courthouse and Safety Center for (i) courtrooms, jury rooms, judge’s quarters, law library, clerk of courts offices, court administrator’s offices, and other court services space, (ii) office space for the sheriff’s department, (iii) office space to be occupied by the City of Yankton Police Department, (iv) office space for a shared dispatch center and shared reception area, (v) office space for the state’s attorney, (vi) additional jail space, and (vii) other miscellaneous improvements?"
[2]

Status

Passed. The additions to the Courthouse and Safety Center have since been completed.[3]

External links

References

  1. Competition in bond dealings better for taxpayers (dead link), Sioux City Journal, February 26, 2007
  2. Text of Proposition (dead link)
  3. Open For Business, Yankton Press & Dakotan, August 24, 2008