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Board approves purchase of former Capital One building, authorizes bond issuance up to $46 million
Summary
Supervisors approved the county's purchase of a 57,819 sq ft former Capital One office building (purchase price reported at $17.5 million) and a financing resolution authorizing up to $46 million in EDA revenue/refunding bonds to cover the purchase, renovations, and related debt refinancing.
The Spotsylvania County Board of Supervisors approved a purchase-and-sale agreement to acquire a former Capital One office building at 10300 Spotsylvania Avenue and authorized bond financing that county staff said would not exceed $46 million.
County administrator Ed told the board the building is roughly 57,819 square feet and…
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