Supervisors approve reimbursement resolution for two wells serving Turner Tract industrial park — $3.86 million plan

County administration asked the board to approve a reimbursement resolution that will allow the county to finance two wells drilled into the Potomac Aquifer to serve planned industrial properties on Rose Valley Road (Turner Tract/Beale Farm). The countys capital plan includes $3,860,000 for the project.

Finance staff told the board they do not need the full amount up front and that passing a reimbursement resolution now will permit the county to capture early expenditures and include them in later financing. "The amount included in our capital projects planned is $3,860,000," staff said, and the board moved to approve the requested resolution. The motion carried by voice vote.

Staff said many upfront items are less capital intensive and that the county is coordinating financing timing to avoid premature debt-service charges. The board approved the measure and directed staff to proceed with the financing process and to follow statutory reimbursement procedures.