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Sumter County Council advances $40 million bond authorization; $7.1M earmarked to start Delaine Community Center
Summary
Sumter County Council granted second reading to an ordinance authorizing up to $40 million in general obligation bonds and bond anticipation notes; County Administrator Gary Mixon said $7.1 million of the first BAN is reserved to begin the Delaine Community Center project.
Sumter County Council unanimously granted second reading on Feb. 25 to Ordinance #25-1018, authorizing the issuance and sale of general obligation bonds and bond anticipation notes in an amount not to exceed $40,000,000.
County Attorney Johnathan Bryan summarized the bond and BAN structure included in the meeting packet and referenced specific sections of the ordinance. Bryan said the ordinance authorizes the sale of debt but does not itself allocate proceeds to particular projects. County Administrator…
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