Meeting Time: March 12, 2025 at 7:00pm EDT
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Agenda Item

8.A) Lake Holiday Fund - Final Disbursement for Excess Funds   The bond for the Lake Holiday Dam replacement costs has been satisfied. The remaining cash funds total approximately  $195,960. Per the Code of Virginia, the governing body for the Sanitary District may determine the final disbursement for excess funds from the following options:      1- Transfer funds to the County's General Fund    2- Disburse funds to Lake Holiday Homeowners Association    3- Refunding excess funds to those eligible that paid. If the Board of Supervisors moves forward with the refund, those eligible will receive a credit on their June 2025 real estate account.   Staff is seeking direction from the Board and a motion for a Lake Holiday Fund supplemental appropriation.