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Lunenburg County approves up to $4.5 million to finance new emergency radio system
Summary
The Board unanimously approved financing of up to $4.5 million for a countywide emergency radio system, selecting a blended repayment approach through the Virginia Resources Authority and authorizing county officials to finalize lease-purchase terms.
The Lunenburg County Board of Supervisors on Sept. 9 approved financing of up to $4.5 million to install a new countywide emergency radio system and related equipment. Supervisor Alvester Edmonds moved to proceed; Supervisor Mike Hankins seconded, and the motion passed unanimously with five supervisors present and two absent.
The Board selected the “Blended Approach,” a financing option described by Davenport & Company representative R.T. Taylor that…
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