Robertson County One Step Closer to New Jail as project moves ahead
The Robertson County Commissioner’s approved an order authorizing the issuance of “Robertson County, Texas Certificates of Obligation, Series 2019 .” The $16,000,000 Bond will be repaid over a twenty-five year period, with a fixed interest rate of 3.33%. Funds should be distributed to the County’s Construction Fund on May 22, 2019 to be used for the construction of the new Robertson County, Texas Jail.
Sedalco submitted $18,745,000 as the guaranteed maximum price (GMP) of the new jail. After several alterations with canopies, brand of manufacturers and inhouse service that amount came down to $18,727,884. Exclusions from the GMP are the sales tax and payroll.
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