A representative from financial firm Evenson Dodge was to explain bonding options for the new courthouse complex project during a special county board meeting this morning.

The county plans to finance the project by issuing bonds through the company, which specializes in municipal bonds.

The approximately $25 million project involves the construction of a new judicial center, demolition of one wing of the courthouse, knwown as the 1954 building, and remodeling of the oldest part of the courthouse.

The county administration is leaning toward recommending leased revenue bonds that would be issued by the Housing Redevelopment Authority (HRA) to avoid the bonds being counted as a debt in the county’s budget.

A general obligation bond, which carries the possibility of a public referendum to approve the bonds, is another option, and would have a lower interest rate. The difference in the total payment from the leased bonds could be as much as $36,500 for a $20 million bond sale with 20-year maturity.

However, the latter option has a disproportionate tax impact on depending on the type of property, since agricultural land is waived from taxation under general-obligation bonds. Residential properties, on the other hand, would face a much higher tax to cover the exemption.

The board was also to discuss a new maintenance shop for the Highway Department in Alden and the expansion of the main shop on Bridge Avenue.

Later in the day, the commissioners will hold a board meeting of the HRA at the Glenville Community Center to discuss the possibility of the county’s involvement in a senior housing project conducted by the Glenville Booster Club.