RALEIGH — The Local Government Commission (LGC) approved several requests for bonds and other financing at its monthly meeting.
The town of Holly Springs in southwestern Wake County has received approval for $100 million in general obligation bonds from the LGC to fund an expansion of its parks and recreation offerings.
The population of Holly Springs has doubled since 2010, prompting a public referendum in November 2023 where voters approved the funding with 63.37% support. The bond proceeds will be used to build a 56-acre park, including a variety of recreational facilities.
Other approved projects by the LGC include an $85 million bond for Fuquay-Varina to expand wastewater treatment facilities due to significant customer growth, $58 million for Huntersville to enhance streets, paths, and recreation facilities, $15 million for Beech Mountain to improve its water system, and $50 million for Wendell to fund parks, greenways, and transportation improvements.
Additionally, North Topsail Beach received approval for a $5.6 million installment purchase to replace a fire station, Waynesville secured a nearly $4.9 million increase in a State Revolving Fund Loan for wastewater treatment plant improvements, and Liberty got approval for a $214,122 installment purchase for public safety radios.
The LGC also heard plans for $2.5 billion in general obligation bonds for school projects in Mecklenburg County, with a vote scheduled for the February meeting.
