In

yesterday morning's Work Session,
County Finance Director Stephanie Black
proposed a letter of understanding
for Morgan-Keegan to act as underwriter for
approximately $17 million
to refund the original bonds done for this building as well
as the water-sewer bonds only if the terms are favorable and
the net value savings are at least 3%.
Current projections show a savings of
$1.2 million or a little over 7% at this time.
Chairman Ashley Paulk remarked that:

The bond market has changed drastically.

At least the county palace that former Chairman Rod Casey got
a former commission to approve at his last Commission meeting
now won't cost we the taxpayers quite as much as we thought.
They vote on this tonight.

Here's

the video:

County to renegotiate bonds for the county palace

Work Session, Lowndes County Commission (LCC),

Video by Gretchen Quarterman for Lowndes Area Knowledge Exchange (LAKE), Valdosta, Lowndes County, Georgia, 10 September 2012.

-jsq