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Installment-purchase plan up for a first vote Monday

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By Jenny Hartley

County Council will vote Monday night on the first of three readings to use an installment-purchase financing plan to build a new courthouse.

An installment-purchase plan involves the sale of bonds, which are then paid back by taxes.

Before fire damaged the historic Lancaster County Courthouse on Aug. 4, county officials were moving forward with a bond referendum to build a new courthouse. While the 180-year-old existing courthouse has great historic value, officials had already declared it inadequate in space and security for holding court.


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Lancaster News | circulation@thelancasternews.com | 803-283-1133
PO Box 640; 701 North White St, Lancaster SC 29720
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