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Halifax commissioners set $50 million cap and direct staff to pursue USDA financing for new detention center
Summary
The board gave staff direction to plan a new detention center with a not-to-exceed budget of $50 million and to pursue USDA financing as the preferred borrowing option, and voted unanimously after discussing financing options and service needs.
The Halifax County Board of Commissioners on Feb. 3 authorized county staff to pursue planning and financing for a new detention center with a not-to-exceed budget of $50 million.
Commissioner Samuel Webb moved for the $50 million cap; Commissioner Tony Silver seconded and the board approved the motion by roll-call consensus. County Manager Carolyn Denton and staff briefed commissioners on three financing approaches — limited-obligation bonds, private placement, and United States Department of Agriculture (USDA) long-term financing — and recommended USDA financing as the preferred option, citing a lower interest rate and no prepayment penalty…
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