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Henry County considers bonds, $2M loan option to fix failing bridges and culverts; consultants to model multiple scenarios
Summary
County officials discussed bonding, a $2 million-per-project loan option and use of bridge fund levy to pay for urgent culvert and bridge repairs. Baker Tilly will model scenarios including a sample $5 million bond and the potential effect on circuit‑breaker losses and debt service.
Henry County council members and commissioners heard detailed financing options for capital needs — particularly failing bridges and culverts — during a joint work session with Baker Tilly consultants Jason and Paige. Officials discussed several paths: using a short-term loan program for small structures, issuing general obligation (GO) or lease revenue bonds, or reallocating levy to bridge/cumulative funds; consultants were asked to produce comparative scenarios.
What was discussed and why it matters County officials described multiple small structures (box culverts under 20 feet) and at least two larger bridges that are near failure and may be closed if funding is not secured. County staff and council members said recent inspections have triggered barricades and immediate closures on at least one roadway and that a larger set of failures could require dozens more closures if not addressed.
Financing options and examples from the presentation - Short-term loan statute (per discussion): a loan program that permits up to $2,000,000 per project with a maximum 10‑year repayment term was described as one available route for culverts/bridges;…
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