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Dare County reduces next bond issue size after interest income and project savings from Phase 1 projects
2890873 · April 7, 2025
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Summary
Commissioners approved two capital project ordinance amendments reflecting $14,060 in additional interest income and roughly $442,266 in project savings from Phase 1 (2023) LOPS projects, lowering the anticipated next bond issue by about $620,000.
Dare County commissioners adopted two capital project ordinance amendments that reallocated interest income and savings from completed Phase 1 projects to reduce the size of an upcoming bond issuance.
Finance staff…
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