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Board authorizes school-debt refinancing, accepts CESF grant, OKs enterprise zone payouts and local appointment
Summary
Supervisors authorized a refinancing plan for the county's Series 2016 school debt, accepted a $49,192 CESF grant for the sheriff’s office, approved $20,369.71 in enterprise zone incentive payouts, and appointed Elyssa Long to the Social Service Advisory Board.
Davenport & Company representative R.T. Taylor presented refinancing options for Lunenburg County’s General Obligation School Project Refunding Note, Series 2016, at the Sept. 10 meeting. Taylor offered analyses of a level-savings structure and a lump-sum, up-front savings option (an estimated $76,433 up front). The board chose the lump-sum option and a 2% net-present-value…
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