A public hearing in consideration of the Budget Amendment for Fiscal Year 2019-2020 Bond Proceeds for New High School Project will be held by the Board of Supervisors on Wednesday, September 25, 2019, at approximately 6:00 p.m at the George D. English, Sr. Memorial Building, 111 Polk Street, Montross, Virginia, 22520. At this time citizens of this county shall have the right to attend and express their views.
Westmoreland County, Virginia
Notice of Public Hearing
Budget Amendment for Fiscal Year 2019-2020
Bond Proceeds for New High School Project
A public hearing will be held by the Westmoreland County Board of Supervisors regarding a proposed amendment to the Fiscal Year 2019-2020 budget to add the following to the Capital Projects Fund:
CAPITAL PROJECTS FUND:
- Bond Proceeds $45,050,000
- Bond Premium $ 3,540,930
- Total Revenue $48,590,930
NEW HIGH SCHOOL
- Construction $44,523,000
- Contingency $ 1,780,920
- Capitalized Interest $ 1,532,951
- Issuance Fees $ 300,000
- Underwriter’s Discount $ 450,500
- Miscellaneous/Rounding $ 3,559
Total Expenditures $48,590,930
The public hearing will be held in the public meeting room at the front entrance of the George D. English, Sr. Memorial Bldg., Montross, Virginia on Wednesday, September 25, 2019, at approximately 6:00 p.m. At this time citizens of this county shall have the right to attend and express their views.
Individuals with a disability, as defined in the Americans with Disabilities Act of 1990 (ADA), desiring to attend this public hearing should contact the County Administrator’s Office prior to the meeting so as to ensure appropriate accommodations are provided.
BY ORDER OF THE WESTMORELAND COUNTY BOARD OF SUPERVISORS
Norm Risavi, County Administrator