HUNTERSVILLE – Town commissioners authorized $8.1 million in general obligation bonds to pay for parks, recreation and street projects during the board’s Aug. 19 meeting.
Improvements to the intersection at N.C. 21 and Gilead Road take up roughly $3 million of the bonds. The remainder goes to three parks and recreation projects:
• Improvements to Huntersville Family Fitness and Aquatics;
• A new multi-purpose recreation center; and
• A new building at the area used by the Huntersville Growers’ Market at the corner of Main and Maxwell streets.
Town Manager Greg Ferguson said engineering firms have been hired to begin work for the N.C. 21/Gilead Road intersection, HFFA and the small park at Main and Maxwell.
Town leaders haven’t yet decided on a site for the multi-purpose recreation center. They will hire an engineering firm once the site is chosen.
They expect the new building where the Growers’ Market operates to house weddings and band performances.
The bonds are payable in annual $440,000 installments from 2015 to 2018, then $430,000 in 2019. After 2019, the bonds decrease in $5,000 increments in 2020 and 2026 before ending in 2033.
Voters approved bonds totaling $17.85 million in street bonds, $7.15 million in public improvement bonds and $5 million in parks and recreation bonds for the town last November.
Commissioner Ron Julian said the voters’ approval of the bonds signified their support in improving the town’s infrastructure.