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Kent County commissioners discuss special-assessment bonds to fund drainage projects; closing expected Dec. 2025
Summary
County staff and the drain commissioner described the special-assessment process and timeline for planned drainage projects, saying bonds are budgeted and a December 2025 closing is anticipated; property owners will be notified and have prepayment and appeal opportunities.
Kent County commissioners heard details about planned bonds to finance special-assessment drainage projects, with staff saying the sale is budgeted and bond closing is anticipated in December 2025.
County staff told the board the county will pledge its full faith and credit to allow property owners and public corporations to pay assessments over time and to secure a better interest rate. The method of sale will be chosen to reflect market conditions at the time of sale, staff said.
The item matters because it will allocate long-term debt against property assessments in drainage districts, affecting property owners within those districts and the county's debt plan.
At the meeting, the county’s drain commissioner explained the special-assessment process to…
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