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Bedford County approves up to $5 million in bonds to back new 9-1-1 facility
Summary
The Bedford County Board of Commissioners voted to approve two companion resolutions authorizing the issuance of up to $5 million in general obligation bonds to finance a new emergency communications (9-1-1) facility.
The Bedford County Board of Commissioners voted to approve two companion resolutions authorizing the issuance of up to $5 million in general obligation bonds to finance a new emergency communications (9-1-1) facility. The measures passed with 14 ayes, 0 nos and two abstentions.
The resolutions matter because they permit the county to sell bonds for a new 9-1-1 center while establishing an interlocal agreement under which the emergency communications district will be the primary source of funds to repay the debt.
During discussion the county finance director described the structure as a county-issued general obligation bond with repayment…
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