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Board directs advertising up to $25 million for water projects; Brickshire tank prioritized
Summary
New Kent County staff advised the board to advertise a 'not to exceed' $25 million borrowing amount for water utility capital projects and set a March 9 public hearing; staff warned that including the Route 249 tank would push potential rate increases from a 4% baseline toward about 8%.
The New Kent County Board of Supervisors on Feb. 9 directed staff to advertise a public hearing with a 'not to exceed' borrowing amount of $25 million for water utility capital projects, a placeholder the county’s financing adviser called 'a safe number' to provide cushion while the board finalizes scope.
Mike Lang, Public Utilities, framed the decision as nonbinding but necessary to meet Virginia…
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