During a September 8 special-called fiscal court meeting, officials approved the motion to borrow $30,000 in funding for the board's needs.
The remaining amount would be consumed by volunteers doing the construction work on a new office and meeting room for the agriculture board.
Grayson County Judge-Executive Gary Logsdon explained that by law the board could not borrow the money for the renovations, because the land belongs to the county.
According to Logsdon, the fiscal court voted to borrow the money, but the agriculture board would make five annual payments of $6,000 plus interest. Financing would go through Wilson and Muir Bank at the rate of 5.75 percent interest for five years.
Agriculture Board Secretary Nancy Cain said the funding will come from proceeds collected from previous events held at the agriculture park, located off of Anneta Road.
The planning for the construction has taken 10 years, due to lack of funding.
"When we initially built the restrooms," Cain explained, "we wanted to put a building on top of it. We just didn't have the funding at the time. We also noticed when getting ready for events this year that the pipes in the restroom were froze from the ice storm, and they are located in the ceiling. So we had no choice but to go ahead with the project."
Construction on the new office space will begin before the end of September of this year. Cain estimated the total cost of the project to be $50,000.