At the recent Codington County Commissioners meeting on October 2, 2024, Toby Morris from Colliers Securities LLC presented various financing options for the proposed detention center project. The discussion centered around the timing of bond issuance to maximize financial benefits for the county. Morris highlighted Lawrence County's successful bond management as a case study, illustrating effective strategies in navigating the financing landscape. Current market conditions are favorable, with investment returns ranging from 3% to 4.5%. However, the upcoming election could introduce market volatility, potentially impacting bond issuance. Morris emphasized the importance of adhering to IRS regulations to avoid penalties, which is crucial for the county's financial integrity. The commissioners acknowledged the necessity of hiring an advisor and underwriter to facilitate the financing process, and Morris committed to guiding the county through these complexities. [2f70a496]