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Henderson Council approves grant application, regional water model and loan terms for capital equipment
Summary
The Council unanimously approved three finance-related measures: submitting a JAG grant application to buy five downtown surveillance cameras (city share $36,359), implementing the Stantec financial model for the Kerr Lake Regional Water System (no immediate rate change), and approving five-year loan financing at 4.5% from Benchmark Bank for FY23-24 capital equipment purchases.
Henderson City Council on Aug. 14 unanimously approved a set of measures to pursue grant funding, implement a regional water financial model, and secure loan financing for capital equipment.
Justice Assistance Grant: City Manager E. Terrell Blackmon said the U.S. Department of Justice Bureau of Justice Assistance grant (JAG) would be a shared award with Vance County to purchase five surveillance camera systems for downtown. If awarded, the City’s portion would be $36,359 and the Vance County…
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