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Commissioners announce $7 million revenue bond to fund infrastructure; reassessment questions addressed
Summary
Commissioners said the county secured a $7 million revenue bond at a fixed 4.875% interest rate and received an A+ rating from Standard & Poor's; commissioners also discussed the ongoing property reassessment and urged patience while appeals are processed.
Commissioners reported that the county issued a $7 million revenue bond to cover infrastructure needs including 9-1-1 communications towers and other projects, and that the financing attracted the full order of funds quickly. The county’s fiscal officer, identified in the meeting as Brett, worked with PNC Bank and the county obtained an A+ bond rating from Standard…
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