RESOLUTION OF THE BOARD OF SUPERVISORS OF SCOTT COUNTY, MISSISSIPPI, DECLARING THE INTENTION OF THE COUNTY TO ISSUE GENERAL OBLIGATION BONDS OF SUPERVISOR DISTRICTS TWO, THREE AND FOUR OF SAID COUNTY TO RAISE MONEY FOR THE PURPOSES STATED HEREIN; DIRECTING PUBLICATION OF NOTICE OF SUCH INTENTION; SETTING THE DATE UPON WHICH THE BOARD OF SUPERVISORS IS TO TAKE FINAL ACTION UPON THE QUESTION OF AUTHORIZING THE ISSUANCE OF SAID BONDS; AND FOR RELATED PURPOSES.
WHEREAS, the Board of Supervisors (the "Governing Authority") of Scott County, Mississippi (the "County"), acting for and on behalf of County Supervisor District Number Two ("District Two"), County Supervisor District Number Three ("District Three") and County Supervisor District Number Four ("District Four") (each a "District" and collectively the "Districts") does hereby find, determine, adjudicate, and declare as follows:
1. Acting under the authority of Sections 19-9-1 et seq. of the Mississippi Code of 1972, as amended, (the "Act"), it is necessary, advisable and in the public interest to issue general obligation bonds of District Two in the maximum principal amount of Seven Hundred Fifty Thousand and No/100 Dollars ($750,000.00) (the "District Two Bonds") to raise money for the District Two Project (hereinafter defined); to issue general obligation bonds of District Three in the maximum principal amount of Seven Hundred Fifty Thousand and No/100 Dollars ($750,000.00) (the "District Three Bonds") to raise money for the District Three Project (hereinafter defined); and to issue general obligation bonds of District Four in the maximum principal amount of Seven Hundred Fifty Thousand and No/100 Dollars ($750,000.00) (the "District Four Bonds") to raise money for the District Four Project (hereinafter defined).
2. The assessed value of all taxable property according to the last completed assessment for taxation is $65,852,004 within District Two, $42,609,454 within District Three and $31,366,209 within District Four. The issuance of the District Two Bonds, the District Three Bonds and the District Four Bonds, when added to the outstanding bonded indebtedness of District Two, District Three and District Four, respectively, will not result in: (a) bonded indebtedness of District Two, District Three or District Four, respectively, exclusive of indebtedness not subject to the applicable debt limits prescribed by the Act, in excess of either fifteen percent (15%) of the assessed value of taxable property within District Two, District Three or District Four, respectively, according to the last completed assessment for taxation, or fifteen percent (15%) of the assessment upon which taxes were levied for District Two, District Three or District Four, respectively, for the fiscal year ending September 30, 1984, whichever is greater, or (b) bonded and floating indebtedness, exclusive of indebtedness not subject to the applicable debt limits prescribed by the Act, in excess of either twenty percent (20%) of the assessed value of all taxable property within District Two, District Three or District Four, respectively, according to the last completed assessment for taxation, or fifteen percent (15%) of the assessment upon which taxes were levied on District Two, District Three or District Four, respectively, for fiscal year ending September 30, 1984, whichever is greater; and will not exceed any other constitutional or statutory limitation upon indebtedness which may be incurred by District Two, District Three or District Four.
3. The County is exempt from the provisions of Sections 19-2-1 et seq., Mississippi Code of 1972, as amended, and all other provisions of law requiring counties to operate under the countywide system of road administration and is, therefore, authorized to issue bonds of District Two, District Three and District Four for the purposes stated herein.
4. The purposes for which the proposed District Two Bonds, District Three Bonds and District Four Bonds are to be issued as herein set forth are purposes authorized by the Act, and the Governing Authority is authorized and required to declare the necessity and its intention of borrowing money and issuing the District Two Bonds, District Three Bonds and District Four Bonds as evidence of the same.
NOW, THEREFORE, be it resolved by the Board of Supervisors of Scott County, Mississippi:
SECTION 1. The Governing Authority does hereby find, determine and adjudicate that the foregoing premises are true and correct.
SECTION 2. The Governing Authority hereby declares its intention to issue the District Two Bonds under the provisions of the Act to raise money for the purpose of paying the costs of constructing, reconstructing, and repairing roads, highways and bridges, and acquiring the necessary land, including land for building materials, and rights-of-way therefor within District Two and paying the cost of such borrowing, at a total project cost estimated to be approximately equal to the maximum principal amount of the District Two Bonds authorized herein (the "District Two Project") and for which purpose there are no other available funds.
SECTION 3. The Governing Authority hereby declares its intention to issue the District Three Bonds under the provisions of the Act to raise money for the purpose of paying the costs of constructing, reconstructing, and repairing roads, highways and bridges, and acquiring the necessary land, including land for building materials, and rights-of-way therefor within District Three and paying the cost of such borrowing, at a total project cost estimated to be approximately equal to the maximum principal amount of the District Three Bonds authorized herein (the "District Three Project") and for which purpose there are no other available funds.
SECTION 4. The Governing Authority hereby declares its intention to issue the District Four Bonds under the provisions of the Act to raise money for the purpose of paying the costs of constructing, reconstructing, and repairing roads, highways and bridges, and acquiring the necessary land, including land for building materials, and rights-of-way therefor within District Four and paying the cost of such borrowing, at a total project cost estimated to be approximately equal to the maximum principal amount of the District Four Bonds authorized herein (the "District Four Project") and for which purpose there are no other available funds.
SECTION 5. The District Two Bonds, District Three Bonds and District Four Bonds will be general obligations of District Two, District Three and District Four, respectively, payable as to principal and interest out of and secured by an irrevocable pledge of the avails of a tax to be levied annually, to the extent necessary, upon all the taxable property within the geographical limits of each respective District, which tax, together with any other moneys available for such purpose, shall be sufficient to provide for the payment of the principal of and the interest on the District Two Bonds, District Three Bonds and District Four Bonds, respectively, according to the terms thereof. Other funds available to the County which may be lawfully used for payment of the principal of and interest on the District Two Bonds, District Three Bonds and District Four Bonds, include, but are not limited to, use taxes remitted from the State of Mississippi to the County as a result of the Infrastructure Modernization Act of 2018, House Bill 1, 2018 First Extraordinary Session, and any amendments thereto, codified as Sections 27-67-1 et seq., Mississippi Code of 1972, as amended.
SECTION 6. Unless a written protest against the issuance of the District Two Bonds signed by the lesser of twenty percent (20%) or fifteen hundred (1,500) of the qualified electors of District Two is filed with the Governing Authority prior to 10:00 a.m. on January 20, 2026, the Governing Authority shall give final approval and authorize the issuance of said District Two Bonds at the meeting of the Governing Authority to be held on January 20, 2026 (or at some meeting held subsequent thereto) in the Governing Authority's regular meeting place at 100 East Main Street in Forest, Mississippi. If a sufficient protest is filed on or before said date and time, then the District Two Bonds shall not be issued unless authorized at an election called and held as provided by the Act.
SECTION 7. Unless a written protest against the issuance of the District Three Bonds signed by the lesser of twenty percent (20%) or fifteen hundred (1,500) of the qualified electors of District Three is filed with the Governing Authority prior to 10:00 a.m. on January 20, 2026, the Governing Authority shall give final approval and authorize the issuance of said District Three Bonds at the meeting of the Governing Authority to be held on January 20, 2026 (or at some meeting held subsequent thereto) in the Governing Authority's regular meeting place at 100 East Main Street in Forest, Mississippi. If a sufficient protest is filed on or before said date and time, then the District Three Bonds shall not be issued unless authorized at an election called and held as provided by the Act.
SECTION 8. Unless a written protest against the issuance of the District Four Bonds signed by the lesser of twenty percent (20%) or fifteen hundred (1,500) of the qualified electors of District Four is filed with the Governing Authority prior to 10:00 a.m. on January 20, 2026, the Governing Authority shall give final approval and authorize the issuance of said District Four Bonds at the meeting of the Governing Authority to be held on January 20, 2026 (or at some meeting held subsequent thereto) in the Governing Authority's regular meeting place at 100 East Main Street in Forest, Mississippi. If a sufficient protest is filed on or before said date and time, then the District Four Bonds shall not be issued unless authorized at an election called and held as provided by the Act.
SECTION 9. The Chancery Clerk of the County be and is hereby authorized and directed to cause this resolution as adopted to be published in The Scott County Times, a newspaper published and of general circulation in the County and qualified under the provisions of Section 13-3-31 of the Mississippi Code of 1972, as amended. Said resolution shall be published once a week for three consecutive weeks, with the first publication thereof to be made not less than 21 days prior to and the final publication to be made not more than seven days prior to January 20, 2026.
SECTION 10. The Governing Authority reasonably expects that it will incur expenditures for the projects described herein prior to the issuance of the bonds described herein. Pursuant to Section 1.150-2 of the Treasury Regulations (the "Reimbursement Regulations"), the Governing Authority declares its official intent to reimburse expenditures made for the District Two Project, the District Three Project or the District Four Project prior to the issuance of the bonds described herein from the proceeds of the respective District Two Bonds, District Three Bonds or District Four Bonds to the extent permitted by the Reimbursement Regulations.
Supervisor McGee moved the adoption of the resolution. Supervisor Crotwell seconded the motion to adopt the resolution, and, the question being put to a roll call vote, the result was as follows:
Supervisor Michael Robinson
voted: aye
Supervisor Joe McGee
voted: aye
Supervisor Steven Crotwell
voted: aye
Supervisor Johnny P. Harrell
voted: aye
Supervisor Tommy Harrison
voted: aye
The motion having received the affirmative vote of a majority of the members present, the president of the Board of Supervisors, Scott County, Mississippi, declared the motion carried and the resolution adopted on this the 15th day of December 2025.
BOARD OF SUPERVISORS SCOTT COUNTY, MISSISSIPPI
/s/ Tommy Harrison President, Board of Supervisors
ATTEST:
/s/ Tom Miles
Chancery Clerk
Publish: December 24, 2025; December 31, 2025, January 7, 2026; and January 14, 2026
