During the recent county government meeting, officials provided a comprehensive update on the county's capital projects, highlighting over $150 million in ongoing and upcoming initiatives. County Manager emphasized the importance of infrastructure, which encompasses water, sewer, and transportation systems, as a key focus of the meeting.
A significant portion of the funding—$30 million—comes from grants, allowing the county to pursue these projects without relying on local tax dollars. The update included details on a five-year funding plan for the school system, which will impact nine schools. This plan, released last month, involves a bond sale and cash financing for eight major projects, including renovations, repairs, and safety upgrades, which are a priority for the community.
The first tranche of bonds is scheduled for sale in October, with preparations underway to ensure the county can secure favorable rates in the market. The Finance Director and the County Manager recently participated in bond ratings calls with Standard and Poor's and Moody's, marking the county's first rating assessment in over two decades. The outcome of these ratings is expected to be announced soon, which could significantly influence the bond sale process.
Additionally, the county is moving forward with the selection of architects for the major renovation projects, ensuring that they are ready to commence as soon as possible. The collaborative effort with the school superintendent aims to streamline the process through the issuance of Requests for Qualifications (RFQs).
In closing, the meeting underscored the county's commitment to enhancing infrastructure and community safety, with the completion of the Emergency Medical Services (EMS) station also noted as a recent achievement. The county remains on track to advance its capital projects, reinforcing its dedication to improving public services and facilities.