Surry County Board of Supervisors Meeting Agenda May 2026
County to pay off Kansas State Bank security debt
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Description
The Surry County Board of Supervisors will consider authorizing up to $353,000 from the General Fund to pay off outstanding security system debt owed to Kansas State Bank, transferring the funds to the debt service fund. The early payoff, scheduled before June 1, 2026, is estimated to save the county about $26,171 in interest over the next two years.
Contract Details
Contract Amount
Not to exceed $353,000
Vendor
KANSAS STATE BANK
Agency
Surry County, VA
Contract Type
FINANCIAL_SERVICES
Document Date
May 7, 2026
Renewal Date
2026-06-01
Renewal Info
One-time early payoff of existing debt; action will fully retire the obligation and no future renewals are anticipated.
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