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Commissioners approve sending E-911 building financing plan to commission for approval
Summary
The commission voted to send a resolution or interlocal agreement that would let the county borrow as a financing conduit for a new E-911 communications facility; commissioners cited better interest terms and said the district already purchased land.
Bedford County commissioners voted to send a resolution or interlocal agreement to the full commission that would authorize the county to borrow funds on behalf of the E-911 district to finance construction of a new communications facility.
Finance staff explained two financing options: the E-911 district can borrow on its own but would face higher interest rates and less favorable terms because it lacks taxing authority, or the county can borrow and act as a conduit under an interlocal…
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