Article

The Danville City Council will hold a meeting on Tuesday at 7 p.m. to consider issuing bonds for improvements to the city's wastewater and electric systems, with a maximum borrowing amount of $10 million. This is the first reading of the proposal, with a final vote to follow.

The approved budget for this fiscal year includes funding for these capital projects, which aim to upgrade electric substations and enhance overall system reliability. The Virginia Resources Authority will assist in financing, allowing for lower interest costs, and debt repayment will be sourced from utility operations.