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Forsyth County authorizes negotiation of up to $26.85M in interim bonds for capital projects; public hearing set
Summary
The board authorized negotiation of an amendment to the county's financing contract to allow issuance of up to $26,850,000 of interim limited‑obligation bonds for FY27 capital projects and scheduled a public hearing for Aug. 13, 2026. The resolution also allows reimbursement of certain expenditures incurred before the financing is executed.
The Forsyth County Board of Commissioners authorized county staff to negotiate an amendment to the county’s 2021 installment financing contract to provide for issuance of interim limited‑obligation bonds of up to $26,850,000 to fund capital projects in the fiscal year 2027 capital improvement plan.
The county manager said the resolution authorizes application to the Local Government Commission, retention of bond counsel and financial advisory services, and directs publication of notice. The board also approved a related budget amendment to transfer $135,000 of general‑fund dollars to cover cost‑of‑issuance expenses. A public hearing on the financing is scheduled for August 13, 2026.
The motion passed unanimously and the county manager said the action would allow the county to reimburse prior capital expenditures tied to these projects if necessary once the financing is finalized.
