Commission approves middle school bond issue
At the regular Union County Commission meeting in July, commissioners voted on a resolution to issue bonds to fund the new middle school.
Scott Gibson from Cumberland Securities and the county financial advisor explained the procedure. The bond resolution is for $26,250,000.
The bonds will be issued in three phases: $10M in 2023, $10M in 2024, and the balance of $6.25M in 2025. The payment is for 20 years with a four percent interest rate.
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