Harford County will hold a $55 million bond sale on February 14, 2017, in hopes to fund school construction, repairs & other projects from both the old and current administration.
According to The Baltimore Sun,
The bond sale is set for Valentine’s Day on Feb. 14 and will be conducted through electronic bids, according to a resolution approved by the County Council on Dec. 6.
Harford’s previous two bond sales carried a top AAA credit rating and received what county officials said were historically low interest rates.
Many of the projects to be funded by the sale of the 20-year consolidated public improvement bonds are either completed or in progress, according to County Treasurer Robert Sandlass.
Sandlass said the majority of the projects being funded from the upcoming bond sale were authorized and begun during the previous county administration.
Of the $55 million total to be borrowed, he said, $39 million was encumbered during the last administration and $16 million during County Executive Barry Glassman’s administration, which began in December 2014.
The largest single allotment of funds from the upcoming sale is $20.4 million for the new Youth’s Benefit Elementary School building in Fallston, a $48.4 million project in its final phase of construction. The county previously borrowed $13 million for the project, when it last sold bonds in February 2016.
Other projects underway or completed slated to receive funding from the planned sale include the Humane Society of Harford County’s new building in Fallston, $2.5 million; Edgewood Hall at Harford Community College renovation, $3 million; Havre de Grace Library replacement, $2.9 million; Churchville Recreation Complex building, $3.2 million and repairs to the circuit courthouse, $1.3 million.