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Greene County authorizes $41.5M bond appropriation, awards reservoir construction contracts
Summary
The Board approved a $41.5 million supplemental appropriation for water and sewer revenue bonds, noted lower-than-expected borrowing costs that reduce projected debt service, and awarded construction contracts for reservoir components after bid reviews and value‑engineering.
Greene County supervisors voted to appropriate up to $41.5 million in water and sewer revenue bond proceeds and approved multiple contract awards for the county’s reservoir and related water infrastructure projects.
County finance staff reported the October bond sale drew eight competitive bids and produced a low true interest rate of about 4.17 percent (an all‑in borrowing rate around 4.24 percent). Miss Shaffer said the result is substantially better than prior planning assumptions and will translate…
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