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Interim financing approved for Northampton water project - The Roanoke-Chowan News-Herald
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Interim financing approved for Northampton water project - The Roanoke-Chowan News-Herald
JACKSON – Northampton County’s Phase 6 water expansion project has been in the works for several years, but the construction phase is finally on the horizon. During a special called meeting on Sept. 22, the Board of Commissioners approved a preliminary resolution for interim financing during the construction. That financing, also called a “Bond Anticipation Note,” is for a total of $6,418,000. It is a short-term loan to cover the costs during co…
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