Development Authority of Pickens County | May 22, 2026

The Development Authority of Pickens County held a meeting on May 22, 2026, primarily focused on authorizing the refinancing of bonds from series 2018 and 2021. The board discussed multiple refinancing options, emphasizing potential savings of approximately $60,000 annually and the impact on the county's budget, particularly regarding airport funding. The authority approved a resolution to proceed with the bond refinancing process, including marketing the bonds and preparing necessary legal and financial documents. The meeting also addressed scheduling for future meetings to finalize bond sales, with a tentative date set for July 30, 2026. The discussion included details on bond issuance costs, underwriter fees, and the validation hearing process required for the refinancing. The board unanimously approved moving forward with the refinancing plan and related professional service agreements.