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Supervisors approve RFP to finance school renovations; school board already allocated $400,000
Summary
Davenport & Company presented financing options for roughly $5.3 million in proposed renovations at Yuma and Weber City schools; the board approved issuing an RFP and pursuing either a bank loan or VPSA financing while noting the school board has allocated roughly $400,000 and will not ask the county for additional operating funds.
The Scott County Board of Supervisors approved a plan to issue a request for proposals to finance approximately $5.3 million in school renovation projects for Yuma and Weber City elementary schools.
David Rose of Davenport & Company told the board the school division has set aside about $400,000 from recurring funds toward the projects and that the plan is to dual‑track financing: solicit direct bank loan proposals and apply to the Virginia Public School…
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