Notice of Public Hearing to Consider the Issuance of General Obligation Bonds
Notice of Public Hearing of The Board of Supervisors of The County of Prince George, Virginia to Consider Adoption of a Resolution Authorizing the Issuance of General Obligation Bonds in the Maximum Principal Amount of up to $9,500,000
The Board of Supervisors of the County of Prince George, Virginia, will hold a public hearing on Tuesday, April 10, 2018 at 7:30 p.m. in the County Administration Building, Boardroom, Third Floor, 6602 Courts Drive, Prince George, Virginia 23875. They are gathering to consider adoption of a resolution authorizing the issuance of general obligation bonds, notes or other obligations of the County in a maximum principal amount not to exceed $9,500,000. The bond proceeds are expected to be used to finance various capital projects for County purposes that include: (i) the purchase of police vehicles and other law enforcement related assets; (ii) public safety radio system expenditures; (iii) improvements to public County owned buildings, including the Central Wellness Center facility and the Courthouse basement area; (iv) water and sewer system expenditures that include the Crosspointe area system; (v) the replacement and upgrade of the County fuel canopy and dispenser; (vi) the purchase of voting machines and other assets associated with the electoral process; and (vii) the replacement of software for use by the CDCC and other enhancements of the County’s information technology assets.
The County anticipates that more than ten percent of the maximum principal amount of the $9,500,000 in bond proceeds for the purposes described above will be used to finance the public safety radio system improvements. The proposed resolution will provide that the bonds, notes or other obligations are to be general obligations, the payment of which will be secured by the County’s pledge of its full faith and credit and taxing power.
All interested persons may appear and present their views at the public hearing. A draft of the full text of the resolution is on file in the office of the County Administrator and is also available for public inspection during normal business hours and on the County’s web-site at http://www.princegeorgecountyva.gov. Anyone needing assistance or accommodation under the provisions of the Americans with Disabilities Act should call the County Administrator’s Office at (804) 722-8600 at least five (5) days in advance of the public hearing.
BOARD OF SUPERVISORS OF THE
COUNTY OF PRINCE GEORGE, VIRGINIA