Commissioners to consider $37 million in loans at Sep. 16 meeting

The Buncombe County Board of Commissioners may open a process to take out up to $37 million in loans, primarily to help finance the construction of a new parking deck and Human Services building. That item tops the agenda for the board’s Sept. 16 meeting.

The resolution would apply to the state’s Local Government Commission to approve the package and set a date for a public hearing. The financing team would include Parker Poe Adams & Bernstein, a Charlotte firm, as well as Wachovia. State senator Martin Nesbitt would be the “co-special counsel” on the deal, according to the resolution, and the additional debt is not expected to lead to a tax increase.

Among other matters, the commissioners will consider a rezoning request by Equinox Environmental for property on Riverside Drive, and hear a report on the county’s Work First program.

The meeting begins at 4:30 p.m. on Tuesday, Sept. 16, in room 204 of the Buncombe County Courthouse. A pre-meeting, including public comment, begins at 4 p.m. The commissioners will interview applicants for seats on the county planning board starting at 2:30 p.m.

— David Forbes, staff writer

SHARE

Thanks for reading through to the end…

We share your inclination to get the whole story. For the past 25 years, Xpress has been committed to in-depth, balanced reporting about the greater Asheville area. We want everyone to have access to our stories. That’s a big part of why we've never charged for the paper or put up a paywall.

We’re pretty sure that you know journalism faces big challenges these days. Advertising no longer pays the whole cost. Media outlets around the country are asking their readers to chip in. Xpress needs help, too. We hope you’ll consider signing up to be a member of Xpress. For as little as $5 a month — the cost of a craft beer or kombucha — you can help keep local journalism strong. It only takes a moment.

Before you comment

The comments section is here to provide a platform for civil dialogue on the issues we face together as a local community. Xpress is committed to offering this platform for all voices, but when the tone of the discussion gets nasty or strays off topic, we believe many people choose not to participate. Xpress editors are determined to moderate comments to ensure a constructive interchange is maintained. All comments judged not to be in keeping with the spirit of civil discourse will be removed and repeat violators will be banned. See here for our terms of service. Thank you for being part of this effort to promote respectful discussion.

Leave a Reply

To leave a reply you may Login with your Mountain Xpress account, connect socially or enter your name and e-mail. Your e-mail address will not be published. All fields are required.