Jamestown  (CSi)  The Jamestown Parks and Recreation Commission  Monday, tabled consideration of seeking an increase in the bond for the Two Rivers Activity Center, a move that could save the commission on the overall cost of the bond.

Jamestown Parks and Recreation Department director, Doug Hogan  said the idea for including more funds in the bond was suggested by John Shockley.

The Parks and Recreation Commission was going to have a $28.6 million bond sale to finance the first phase of the Two Rivers Activity Center. Hogan said the commission was also considering using a letter of credit, a financial mechanism used to set funds aside for a specific purpose, to be used as an emergency fund in case there were any problems with the project.

Hogan said the bond company, Dougherty & Co. recommended increasing the bond amount to $30.8 million, then taking $2 million to establish a debt-service fund.

Hogan did not have any final numbers on how much money the Parks and Recreation Commission would save by putting more money in the bond.

Hogan said the plan  for increasing the bond amount came from discussions with Jamestown City Administrator Jeff Fuchs and Mayor Katie Andersen at a meeting that included Hogan, City Attorney Leo Ryan and Shockley on Friday. The two sides are in the process of working out a joint powers agreement on how the bond sale will be handled and how funds from a 1 percent city sales tax, which went into effect of April 1, will be used to pay back the bond for TRAC.