In a Quorum Court meeting held on Monday, Sept. 10, the Justice of the Peace for Logan County approved the issuance of an addition $2.1 million in bonds to help finance and administer the Logan County Jail that is under construction on South Lowder Street in Paris.
In fact, Logan County Judge Ray Gack said the bonds were sold that Monday before the Justices of the Peace took action.
“The bonds were sold and we have the money,” Gack said. “They sold them on Monday and we approved Monday night.”
The additional $2.1 million places the total amount of bonds issues for the project at $12.1 million. Ten million in bonds were sold last October. The Little Rock-based investment business Stephens, Inc. is handling sale of the bonds.
Voters approved two half-cent increases in sales taxes in 2017 that are backing the bonds. In that election, voters approved issuing a total of $13 million in bonds. One half-cent increase in sales taxes is backing the construction of the 100-bed facility. The other is backing the maintenance and operation of the facility, which will house the Logan County Sheriff’s Office in addition to the jail.
The new detention facility is scheduled to be completed sometime next year, likely late spring.
The initial $10 million in bonds was sold last Oct. 17. Gack said, at the time, that the entire $10 million was sold before noon that day and approved by the Quorum Court that night at a regular meeting. The sale of the bonds was finalized last Nov. 29 and the county received the $10 million.
The existing county jail, located on Pennington Drive in Paris, has been repeatedly cited for unsafe conditions, overcrowding and being understaffed.