{"id":153950,"date":"2012-01-04T12:10:30","date_gmt":"2012-01-04T18:10:30","guid":{"rendered":"http:\/\/www.ktbb.com\/post\/?p=153950"},"modified":"2012-01-05T12:24:59","modified_gmt":"2012-01-05T18:24:59","slug":"county-to-break-ground-on-jail-construction-thursday","status":"publish","type":"post","link":"https:\/\/ktbb.com\/post\/?p=153950","title":{"rendered":"County Breaks Ground on Jail Construction"},"content":{"rendered":"<p><a href=\"http:\/\/www.ktbb.com\/post\/?attachment_id=153951\" rel=\"attachment wp-att-153951\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.ktbb.com\/post\/wp-content\/media\/2012\/01\/thumb_smithcounty-seal.jpg\" alt=\"\" title=\"thumb_smithcounty-seal\" width=\"120\" height=\"120\" class=\"alignleft size-full wp-image-153951\" \/><\/a><br \/>\nTYLER \u2014 The first leg of construction for the $35 million, voter approved jail bond kicked off Thursday morning at the Smith County Low Risk Facility, located at 2811 Public Road. This first phase of construction will include the relocation of Smith County kitchen and laundry facilities in order to streamline jail services. It will also include the addition of a video visitation station that officials say will improve safety and security during the visitation process. <\/p>\n<p>Construction of the Low Risk Facility portion of the jail project is expected to last about 36 weeks. Construction on the downtown portion of the jail improvement plan is scheduled to begin late in the year. \u201cIt\u2019s been a long time comin\u2019 and a long time overdue, but thanks to this Commissioner\u2019s Court and the public\u2019s confidence, we see a brighter future,\u201d Smith County Sheriff J.B. Smith said.<\/p>\n<p>A total of $40.875 million in bonds was issued in July, 2011: $35 million for the jail bond at an interest rate of 2.564 percent and the refunding of about $5 million in existing county debt at 1.7489 percent interest. Due to the high bond ratings that Smith County received from Standard &#038; Poor\u2019s and Moody\u2019s in June, along with falling interest rates, officials say the County will pay off the jail bond much faster and less expensively than originally anticipated. <\/p>\n<p>The jail bond was structured with a 12 year amortization schedule, which is three years shorter than originally projected. When combined with the lower interest rate of the re-issued debt, Smith County is set to save approximately $376,000 in total interest expenses, according to officials. \u201cWe are proud that we will be able to pay this off even sooner and save money for the citizens of Smith County because of these lower rates and our high bond rating,\u201d County Judge Joel Baker said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TYLER \u2014 The first leg of construction for the $35 million, voter approved jail bond kicked off Thursday morning at the Smith County Low Risk Facility, located at 2811 Public Road. This first phase of construction will include the relocation of Smith County kitchen and laundry facilities in order to streamline jail services. It will &hellip; <a href=\"https:\/\/ktbb.com\/post\/?p=153950\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">County Breaks Ground on Jail Construction<\/span><\/a><\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[177],"tags":[],"class_list":["post-153950","post","type-post","status-publish","format-standard","hentry","category-local-news-archive-archives"],"publishpress_future_action":{"enabled":false,"date":"2026-06-30 09:25:58","action":"change-status","newStatus":"trash","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/posts\/153950","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=153950"}],"version-history":[{"count":17,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/posts\/153950\/revisions"}],"predecessor-version":[{"id":154384,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/posts\/153950\/revisions\/154384"}],"wp:attachment":[{"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=153950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=153950"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=153950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}