City bond sale April 17


Thursday, April 12, 2007
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City bond sale April 17

By SUE WATSON
Staff Writer

The City of Holly Springs will hold a bond sale Tuesday, April 17, at 4 p.m. in city hall to market $3.25 million in revenue bonds and $3.5 million in general obligation bonds.

Series 2007 bonds totalling $3.25 million will be sold for improvements to the electricity system. The $3.5 million general obligation bonds will be spent to renovate a police station building and the Lund Precision building at Holly Springs Industrial Park.

The Holly Springs Board of Aldermen also authorized six resolutions necessary to sell the bonds and three others required to fulfill the requirements for a $250,000 CAP loan - money that will be used for improvements at 400 East Industrial Park Road.

In other business, the board of aldermen also passed a moratorium on any further demolition of existing buildings or new construction in the B-3 zone in downtown proper and within one city block of downtown without approval of a variance from the board of aldermen. The measure will give the Planning Commission time to amend existing ordinances, according to Mayor Andre’ DeBerry.

The ordinance amendments likely will include restrictions on construction of any metal buildings in the zone that would face any street without the inclusion of a facade.

In discussions of the moratorium, alderman Nancy Hutchens argued it should have a set time to expire because downtown needs new businesses.

DeBerry said the moratorium should not last for more than 90 days, about the time it will take to revise the zoning in the downtown district. He said the city is interested in maintaining its historic and cultural architecture.

Alderman Tim Liddy said the modifications of the ordinances affecting downtown zoning is a stop-gap measure to stop demolitions of existing structures while the planning commission considers amendments to ordinances in the historic district.

The board also discussed the locations of traffic signals on South Craft Street in the rapidly developing Holly Springs Commons area. Alderman Garrie Colhoun said he had received many concerns from business owners and operators along the busy strip.

DeBerry said the locations of the traffic signals should be discussed in a meeting with business and property owners before any decision is made on the placement of the lights.

Colhoun agreed.

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