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Lunenburg County Board approves financing intent for emergency radio system; routine agenda items passed
Summary
At its Aug. 12 meeting, the Lunenburg County Board of Supervisors approved a resolution expressing intent to reimburse financing for a countywide emergency radio system, accepted the consent agenda, approved several recognitions, and heard updates on schools, planning and county projects.
The Lunenburg County Board of Supervisors on Aug. 12 approved a resolution expressing official intent to reimburse expenditures with proceeds of bonds or other indebtedness for a countywide emergency radio system and handled routine business including personnel recognition and consent-agenda approvals.
R.T. Taylor of Davenport & Co., LLC, described a dual-track financing approach: applying to the Virginia Resources Authority pooled financing program and soliciting direct bank loan proposals. County Attorney Frank Rennie told the board a 10% down payment would be required before financing was completed. The board voted unanimously to approve the resolution of official intent.
The board also unanimously approved a retirement…
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