Subject:
Title
Consider the issuance of a general obligation bond up to $8 million to partially finance the Harrisonburg-Rockingham Community Services Board (CSB) project
Body
Presented By: Staff
Recommendation and Review
The City is required by the Code of Virginia to hold a public hearing in advance of the issuance of debt. City Council was previously presented with information regarding the CSB building project. In cooperation with Rockingham County and the CSB, staff has determined that the most cost-efficient and best approach to obtaining long-term financing for the CSB project is to participate in the Virginia Resources Authority summer bond sale.