County calls meeting to decide bond issue

Published 9:04 am Thursday, July 26, 2012

Commissioners are expected to choose one of three proposals to refinance two general obligation warrants while borrowing an additional $2 million for a match for state highway grants at a special called meeting Monday at 9:30 a.m.,

For more than a month, commissioners have discussed the move that would use a total of $12 million to resurface an estimated 75 miles of major connector routes throughout the county.

With interest rates ranging from 4.03-4.32 percent, bank officials believe the county can save money by refinancing.