Town Hall bond financing completed
Town of South BostonVirginia- Detected
- Jul 13, 2026
- 112 days ago
- Sector
- Administration & Finance
- Est. value
- Free account
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THE 30-SECOND BRIEF
Council was briefed that General Obligation bond financing for the Town Hall project and refunding of 2013A bonds has been finalized through the Virginia Resources Authority. The Town borrowed $3.195 million total, including $2.2 million available for Town Hall construction, and achieved savings on the refunding. Funding is now fully in place, so the Town can proceed with construction and related professional services.
Refunding is expected to generate approximately $73,759 total debt service savings and $66,498 in net present value savings.
From the meeting
- Meeting date
- July 13, 2026
- Agency
- Town of South Boston
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