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Votes at a glance: Waynesboro council adopts three measures including small‑cell franchise and bond refunding
Summary
The council approved an ordinance allowing Fiber Asset Co. (with Verizon) to place small‑cell wireless facilities in the right‑of‑way, adopted a resolution to pursue up to $9.5 million in taxable refunding bonds, and authorized execution of an agreement with the Virginia Department of Health. All recorded voice votes were favorable.
At the March meeting the Waynesboro City Council took three recorded, favorable voice votes on separate items.
Small‑cell franchise: Council held a public bid hearing for an ordinance granting a nonexclusive franchise to allow small‑cell wireless facilities in the city's right‑of‑way. Staff said the only bid received was from Fiber Asset Co., LLC, working in conjunction with Verizon. With no other bids submitted the public hearing was closed and council voted to adopt the ordinance (ayes recorded as 5‑0).
Bond refunding resolution: Council considered a resolution authorizing issuance and sale of taxable general obligation public improvement refunding bonds not to exceed $9,500,000. City staff (Mister McCormick) said a Virginia Resources Authority refunding could yield a net present value benefit of about $513,000 over 12 years (roughly $42,000 per year). Staff explained participation depends on market rates at sale: if the sale meets the council's minimum savings threshold the city will participate; if not, it will not. Council adopted the resolution by voice vote.
Agreement with Virginia Department of Health: Council adopted a resolution authorizing execution of an agreement between the Virginia Department of Health and the Waynesboro City Council that defines how previously appropriated funds will be spent and clarifies the working relationship. Staff indicated this authorizes signature on a document that was already advanced by city leadership. The vote was recorded in the affirmative.
What this means: Each item passed without recorded dissent during this meeting. For the bond refunding, staff emphasized that savings are projected but contingent on market conditions at the time of sale; the city can decline participation if the sale does not meet the adopted minimum savings threshold.
