May 14, 2026 Board of Supervisors Meeting with the IDA

The May 14, 2026 meeting of the Nottoway County Virginia Board of Supervisors with the Industrial Development Authority (IDA) focused heavily on financing and procurement matters related to county infrastructure projects. Key discussions included approval of borrowing approximately $7.5 million to fund critical capital improvements, notably a $4.5 million HVAC system replacement at Crew Elementary School and initial costs for courthouse renovations. The board reviewed financing proposals, ultimately approving a resolution to proceed with interim financing through Huntington Bank at a fixed rate of about 4.05%, with a backup lender option at 4.5%. The financing structure involves a ground lease and lease-back arrangement with the IDA to secure the loan. The meeting also addressed procedural steps for public hearings on boundary line adjustments and property sales, as well as a proposal to use the Burkeville Elementary gym for a youth basketball camp, emphasizing community engagement and facility utilization. Additionally, the board discussed an RFP issued by the Town of Crewe seeking a grocery store partner, encouraging interested parties to respond. The meeting concluded with motions to approve various appointments and authorization for the county administrator to sign design development documents for the courthouse project.