Arlington County Government, VA Board Wrap-Up, 24 May 2019

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From YouTube: County Board Wrap-Up: Bond Sale

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The Board authorized sale of $169.48 million in voter-approved bonds to fund a variety of County and Schools capital projects.

A

But before we wrap up- and there were a lot of other kind of bond sales and some creative financing agreements shall we say that were approved- let's talk a little bit about those so.

B

You know bond sales, I know they're exciting. Aren't they really really.

C

You know, let's think, about what they.

B

Are you know we authorized the sale of about one hundred and seventy million dollars in bonds, but it's not them. It's not the money per se. It's what what we're buying- and these are voter approved projects on both the county and the school side and I'm not gonna, get the whole list, but some of the ones that this bond is going to finance our neighborhood conservation program, improvements that are designed by neighborhoods to bring improvements to their communities. But the long bridge, Aquatics Center is a part of this bond sale.

B

The new lover run community center. The improvements that Jenny Dean Park, those are among the big County projects that are part of the bond sale and then on the school side. This is how they're our funding, the programs that are going to operate beginning in the end. Next.

C

Fall right, yeah Thanks, so this wall right no next fall. This fall. What.

B

Is it? Is it 2020 whenever.

C

It is whatever.

A

It is I think it's this.

B

Fall, oh it's! This fall, we've got the the Heights building, which is the Rosslyn building. That's going to house the HV Woodlawn and Stratford programs, as well as what they're doing at Stratford middle school, formerly Stratford middle school, which is now Dorothy, am that's the middle school. So these are the projects that this bond sale is actually bringing to that.

C

We strike for junior high, it.

B

A

C

Of this whole transition kind of theme, which is it was exciting and Bazar the way I mean it's it's kind of like a mortgage on a house. It's a way. We get things and we get these projects going and but we couldn't afford to do this. We had to have all the money right upfront, but we're getting continue to get great bond ratings. Good and.

A

Yeah yeah good.

C

Good rates, which is just a way of to keep us, keep us growing it's so it's exciting, yeah, yeah, but bonds. Aren't that interesting, but.

A

That's what I was getting today, things were able to do with yeah.