Laurens County Council has given final approval to sell bonds for funding the new Administrative Office planned for Hillcrest Square. Prior to the third reading approval Tuesday evening, a motion was made to only issue $3.2 million for the building that’s projected to cost $3.7 million, and to pay the $½ difference out of the county’s $9 million contingency reserve fund. That motion failed. Then a motion to borrow the full $3.7 million potentially needed was approved with a 6 to 1 vote. Councilman Joe Wood cast the only “no” vote. The plan is to have a ten year schedule for paying off the loans.
By law, the county must wait 60-days after this week’s vote before issuing the bonds. Since that falls in the holiday period, it’s anticipated the actual sale of bonds would come in January. Meanwhile, the County’s Architect, Dennis Ashley, is now moving forward to develop detailed plans for the construction to be ready for construction to begin in the 1st quarter of 2014. Construction is expected to take about a year, so that opening of the new county administrative office is anticipated in early 2015.