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Commissioners briefed on general-obligation bond referendum to preserve farmland; strict three-year spending rule noted
Summary
Finance staff briefed the board on a proposed general-obligation bond referendum to fund farmland preservation; Chairman Lapsley stressed the tight referendum timeline and staff said bond proceeds must be spent on 'open space' and within three years of borrowing.
Henderson County Finance Director Samantha Reynolds briefed commissioners on the general-obligation bond process tied to a farmland-preservation referendum. Chair William Lapsley emphasized a tight timeline for the referendum and warned that delays could be critical.
Reynolds explained that bond proceeds must be used for county "open space" and that proceeds from each borrowing must be spent within three years; County Attorney Russ Burrell noted a list of allowable uses. Commissioner Rebecca McCall asked about use restrictions and timeframes; Reynolds and Burrell provided the clarifications recorded in the minutes.
