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Reston Association board votes to stop evaluating debt issuance for capital projects after 10‑year review
Summary
Following a 10‑year capital review, the board voted unanimously to end a strategic task (Strategy 4) to evaluate debt issuance for capital projects, concluding planned reserves and contributions can meet projected capital needs without borrowing.
The Reston Association Board voted unanimously to end a strategic action to evaluate debt issuance as a financing option for capital projects, after a small working group reported a 10‑year capital projection showing existing reserves and planned contributions would meet projected needs.
Director Farrell moved that the board end Strategy 4 (evaluate debt…
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