Amherst County approves $5.2 million financing for landfill Cell 2 using EDA lease-revenue bonds

The Amherst County Board of Supervisors on March 18 approved financing to construct Cell 2 at the county landfill, authorizing up to $5,200,000 in lease-revenue financing and directing county staff to execute required closing documents.

The board’s unanimous roll-call vote followed a presentation from RT Taylor of Davenport & Company, the county’s financial adviser. Taylor said the financing would be issued through the county’s Economic Development Authority as a lease-revenue bond and would use the Goodwin Building — which houses the treasurer’s office, extension office and commissioner of revenue — as collateral. "We're gonna look at issuing $5,200,000, and that will cover any related financing costs, but also your project costs as well as your capitalized interest," Taylor said. He told the board the resulting…