BOCO Board of Supervisors Meeting - March 10, 2026

The Botetourt County Board of Supervisors held a meeting on March 10, 2026, primarily focused on funding and financing options for major capital projects including a $21 million communication system and a $15 million 911 center, totaling $36 million. The discussion centered on two funding options: fully borrowing the $36 million or using approximately $4.4 million from the fund balance to reduce borrowing to $25 million, which would save about $1.1 million annually in debt service. The board also reviewed refinancing existing debt related to the regional jail, anticipating annual savings of $42,000 through a potential refinancing at a 3% net present value. The meeting included detailed explanations of bond issuance processes, debt service schedules, and maintaining the county's high bond rating. The board voted to proceed with the $25 million borrowing option and approved the related resolution to move forward with financing arrangements.