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Greenville council approves up to $11 million trust agreement to finance public improvements
Summary
After a required public hearing, the Greenville City Council approved a resolution authorizing a trust/financing agreement not to exceed $11,000,000 to fund BUILD grant projects and stormwater pipe replacement; the Local Government Commission will consider the financing March 4, 2025.
The Greenville City Council on Feb. 13 approved entering into a trust agreement or installment financing agreement not to exceed $11,000,000 to finance public improvements.
Chief Financial Officer Jacob Joyner said the financing would cover the bulk of a BUILD grant project and phase 2 of the public works stormwater pipe replacement. “This is, required public hearing, according to state statute, so that city can…
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