Posted: Jan 5, 2012 8:14 AM by Cecilia Stevenson
LAFAYETTE, La. (AP) - The Lafayette Parish Sheriff's Office is selling $21 million in limited tax revenue bonds to pay for its planned Public Safety Complex.
The sheriff's office has said the complex will house at least 200 work-release inmates and 100 minimum security prisoners on a 29-acre site in an area with little residential development.
The sheriff's office purchased the land in July 2009. Deputies say the bonds will be paid back with revenue from a permanent statewide millage that generates about $14 million annually for the sheriff's office.
On Jan. 17, the sheriff's office will hold a public meeting to open and review the bids.