The Niobrara County Commissioners discussed a possible loan for special districts during the regular meeting on Tuesday.
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LUSK – The Niobrara County Commissioners discussed a possible loan for special districts during the regular meeting on Tuesday.
Representatives of special districts in the county met with the commissioners and County Treasurer Keri Thompson to discuss Senate File 60 from the state legislature’s budget session in February which seeks to have ad valorem taxes rolled into monthly payments. Chairman of the Commission Pat Wade said Campbell and Johnson County had been hurt the most by the change as a transition was needed to be put in place from paying yearly to monthly mainly for the oil companies.
The system will allow them to finance it for 13 years, according to Wade which will leave a gap for special districts. 0% loans were created to offset it and Thompson calculated the county is eligible for $83,953 in loans while special districts are eligible for $36,962.
Wade said the purpose for meeting with the special districts was to see if any were interested in the loan. Wade added the concern is many of the companies may become defunct in the next 13 years which means they may not see the money in the end.
The three representatives of special districts in the county who were at the meeting including wee and pest and the hospital said the loan would not be necessary. Wade also said the loans were not all or nothing as some special districts could accept it while others could not.
In other business, the commissioners signed a change order with JW Services to extend the North Lance Creek Road project as well as extend the contract date by 20 days. The addition added $74,000 to the total cost which Josh Harkins from Benchmark said was less than the originally proposed $84,000 to extend the project.