Henrico Board Of Supervisors Set To Authorize Up To $110 Million In Bonds For Major Water Projects | Community Idea Stations

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Henrico Board Of Supervisors Set To Authorize Up To $110 Million In Bonds For Major Water Projects

The Henrico County Board of Supervisors is set to approve up to $110 million dollars in bonds to continue construction of the massive Cobbs Creek Reservoir, designed to provide adequate water to the county for another 50 years.

With Cape Town running dry this summer, cities around the world are looking more carefully at their water supplies, but Henrico is ahead of the curve, already building a massive reservoir in Cumberland County.

“It will be the largest municipally owned and operated reservoir of its type in the state,” said Chip England, Henrico’s Director of Public Utilities. “The public hearing tonight will allow us to issue more bonds, perhaps next month to help us with our funding portfolio to support how we fund the project along with some other capital projects.”

There is a public hearing tonight on issuing the $110 million in bonds to continue Cobbs Creek and utility projects already underway.

The Board is set to vote following the hearing.