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Commissioners approve 2026 limited-obligation bond amendment using courthouse as collateral
Summary
The board approved a contract amendment to the county's 2021 installment financing agreement to issue a 2026 limited-obligation bond that will finance multiple county facility projects; staff said the courthouse will continue to be used as collateral.
Forsyth County approved on Aug. 13 a contract amendment enabling issuance of the 2026 limited-obligation bond to finance capital projects across county facilities, including public safety, EMS, detention and administrative buildings. Assistant Chief Financial Officer Lee Plunkett told commissioners the amendment permits use of the courthouse as collateral, extending the county’s 2021 installment financing structure to fund the new projects.
"This financing is being called the 2026 limited obligation bond," Plunkett said, summarizing the scope of projects the amendment will finance. Commissioners discussed project prioritization and long-term debt trade-offs; the board voted unanimously to approve the amendment.
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