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Franklin County issues $12M school bond

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LOUISBURG — The Franklin County Board of Commissioners first regular meeting of the new decade Monday went by briskly as it approved the issuance of $12.45 million in bonds.

The board unanimously approved the sale and issuance of $12.45 million in General obligation refunding bonds. The bonds will be used to provide funds to refund the county’s outstanding general obligation school bonds from 2010 and pay any expenses related to it.

The board had previously approved a resolution submitting an application to the Local Government Commission at its December meeting.

The bonds are expected to be paid off in semi-annual installments until 2030, and the final sale is expected at the end of this month.

The board also unanimously approved selling 2 acres of land labeled on Perdues Road in Louisburg to Elizabeth Seitz for $5,400.

According to county staff, the minimum bid set for the property was $4,680 with a higher bid of $5,019 before the final bid. Final sale of the property will be closed within 30 days, and the buyer must pay the county with certified funds or a cashiers check.

In appointments, Scott Hammerbacher and Jason Rogers were repainted to the Capital Area Metropolitan Planning Organization. The Rev. Dr Sally Dolch was appointed to the Child Fatality Prevention Team.

Garland Hudgins and Antonio Perry were appointed to the Franklin County planning board ETJ. Beth Denton was appointed to the County Library Board..

The commissioners’ next meeting will be delayed a day because of Martin Luther King Jr. Day. It will be held at 7 p.m. Jan. 21 at the County Administrative Building, 113 Market St., Louisburg.

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