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Board presses school system for details on $5.5M state loan award; schedules joint presentation May 7

Southampton County Board of Supervisors · April 17, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Board members said they learned through the county’s financial adviser that the school system was awarded a $5.5 million state loan/grant toward a new elementary school and scheduled a joint meeting with the school system and Davenport & Company for May 7 to review costs, obligations and whether to apply for required resolutions by the May 23 deadline.

Board members raised concerns April 17 about the school system’s paperwork and timeline after staff said the school had been awarded approximately $5.5 million from a state loan/grant program toward a new elementary school. County staff said the award carries a six-month obligation window and that a local loan application for the county’s share would be due May 23 if the county wishes to apply.

Why it matters: If the Board and school system move forward,…

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