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Henderson County approves up to $102 million financing for courthouse annex after public hearing
Summary
After a public hearing and one public speaker opposed, the Henderson County Board of Commissioners adopted a resolution to amend an installment financing contract and move forward with up to $102 million in financing for a new courthouse annex and related Judicial Center improvements; the Board authorized officers to complete documents and apply to the Local Government Commission.
The Henderson County Board of Commissioners voted unanimously April 15 to approve an amendment to an installment financing contract that authorizes up to $102,000,000 in installment financing to pay for a new courthouse annex and related Judicial Center improvements.
The approval followed a public hearing held at the Historic Courthouse. Brett Werner spoke in opposition, saying money would be better spent on libraries and school nutrition programs. No other members of the public commented on the financing. After the hearing, the Board adopted a formal resolution authorizing the Second Amendment to the County's Installment Financing Contract and related instruments, and directed county officials to proceed with document execution and to seek approval from the North Carolina Local Government Commission.
The resolution ratified prior actions, authorized the issuance of limited obligation bonds by the Henderson County Governmental Financing Corporation (Series 2026C) in an aggregate principal amount not to exceed $102,000,000, and authorized county officers to complete and deliver an Official Statement and related documents in substantially the presented form. County staff and legal counsel were authorized to make technical changes as needed and to execute final documents.
County Manager John Mitchell told the Board staff would file the application expected by the LGC and coordinate with bond counsel and underwriters to finalize the financing plan. The minutes record the resolution adoption vote as AYES: 5, NAYS: 0.
What happens next: authorized officers will complete the instruments, finalize the Official Statement and present required documentation to the Local Government Commission for approval; no funding is disbursed until the financing documents are executed and any LGC approval is secured.
