Angola North Debt Authorization Ordinance

This Ordinance provides for the issuance of up to $6,697,774 of Sussex County General Obligation Bonds in order to reimburse the County for a portion of the costs for the design, construction and equipping of the wastewater collection, conveyance and transmission facilities for the Angola North Sewer Expansion Project (the "Project") with the expectation that a grant in the amount of $1,468,000 will be provided by the 21st Century Fund to reduce the principal amount of the Bonds outstanding to $5,229,774 upon Project completion.

Status: 
Acted Upon
Number: 
2390
Decision: 
Approved
Last Action Date: 
Tuesday, March 31, 2015