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Hancock County signs off on notice to issue up to $12 million in bonds for county share of beach renourishment
Summary
The Hancock County Board of Supervisors approved a resolution of intent to seek up to $12 million in general-obligation borrowing to cover the county's portion of a beach renourishment project and authorized hiring bond professionals, voting 5-0.
Hancock County supervisors on Monday voted unanimously to publish a notice of intent to issue general obligation debt not to exceed $12,000,000 to fund the county's portion of a beach renourishment project.
The action spreads a resolution of intent and a preliminary timeline on the minutes and authorizes hiring outside bond professionals and the South Mississippi Planning and Development District (SMPDD) to assist with the financing work. The board recorded the vote as 5-0.
Why it matters: the county expects the overall shoreline project to cost roughly $30 million, and officials said Hancock County…
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