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Board approves reimbursement resolution for proposed recreation center, schedules March 23 public hearing
Summary
The Board approved a reimbursement resolution allowing the county to reimburse pre‑issuance costs for a proposed recreation center and scheduled a public hearing on March 23; financial advisors explained VPSA bond mechanics and emphasized the resolution does not obligate debt issuance.
The Rockbridge County Board of Supervisors voted Feb. 23 to adopt a reimbursement resolution and set a public hearing on March 23 for a proposed recreation center financing through the Virginia Public School Authority (VPSA).
Tyler Smith of Davenport & Company, the county’s financial advisor, outlined bond‑pricing structures and explained why…
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