Thursday, December 28, 2006
City to announce industry
By SUE WATSON
The City of Holly Springs has secured a loan for $1 million to buy an existing facility for lease to a new manufacturing company next year.
Details regarding the name and type of business awaits a joint formal announcement by the city and the company, expected to take place in January 2007.
The loan for the purchase of the facility came from the Mississippi Development Authority.
The Holly Springs Utility Department is pressing forward on construction of the Coldwater electric power substation on Highway 311 with the arrangements for soil testing services, said general manager John Collins.
The mayor and board of aldermen authorized the signing of several resolutions at the December 20 meeting that are required to release Community Development Block Grant monies for the construction of a hospital and residential development at the Holly Springs Commons development area.
The board of aldermen also approved the close-out of a contract with Chandler Brothers on the Memphis Street project. The action allows the city to release the final payment to the company of $19,159 that was being held in a contingency fund.
The board also heard a proposal from Pastor Willie Jeffries to do a pilot study on a magnetic device that is purported to increase performance and the mileage if attached to the fuel line of vehicles. No action was taken on the matter by the board.
Jeffries said the device retails for about $300 a unit.
More information regarding the devices can be found on the Internet by entering fuel line magnets on the computer search engine.
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