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Supervisors approve roughly $75.8 million lease‑revenue financing for schools, government projects
Summary
The Board approved a plan asking the Economic Development Authority to issue about $75.8 million in lease‑revenue bonds — capped at 5% interest — to fund pre‑K space, Jamestown High cafeteria expansion, a new General Services Administration building and a new Government Center after staff and financial advisers presented favorable debt metrics.
James City County supervisors voted to authorize a financing plan that would allow the Economic Development Authority to sell approximately $75,800,000 in lease‑revenue bonds to pay for county and school capital projects.
Sharon McCarthy introduced a resolution calling for issuance of lease‑revenue bonds to cover costs including pre‑K space, an…
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