City and county officials received no public objections to the plan to fund a future industrial park with general obligation bonds of $14 million, split equally between aldermen and supervisors.
The move continues the process of issuing the bonds under the current funding plan. Both boards held public hearings over the project this week, and are now set to acquire the property—around 400 acres northwest of the Highway 82 and Highway 25 bypass—and initiate infrastructure improvement plans ahead of the issuance.
In the city's vote, Ward 4 Alderman Jason Walker and Ward 6 Alderman Roy A. Perkins opposed Tuesday's motion, while county supervisors unanimously approved the plan. Walker and Perkins previously voted against the funding plan and site acquisition.
A bond issuance is expected in September, according to GTR LINK CFO Joey Deason. He told supervisors Monday the plan was steadily taking shape. The development group will ask each board to pool the site's funds to make the process easier to fund in the long-run.
For more, see the Aug. 5 edition.