The Mathews Economic Development Authority, meeting in a joint session with county supervisors on Monday, voted unanimously to serve as the conduit for $12 million in bonds approved by supervisors to fund various capital improvements in the county. Authority members heard a presentation on the matter from Kyle Laux, the county’s financial advisor with Davenport and Company. Apparently familiar with the issues involved, the members had no questions. County Administrator Ramona Wilson explained that the county could pay the EDA the standard rate of 1/8 of 1 percent of the value of the loan, or a total of $15,000, either over 20 years or in a lump sum. Laux said that EDAs typically charge commercial entities for such bond issuances but don’t often charge the locality itself an administrative fee. However, Wilson said the fee could come out of bond proceeds and it would give the EDA some flexibility. The board of supervisors voted unanimously to pay the $15,000 in a lump sum. The EDA then ...