• 30°

Spencer’s Park Plaza financing gets OK from state’s Local Government Commission

SPENCER — The Local Government Commission on Tuesday approved Spencer’s plans for interim financing of its Park Plaza project.

The $3.9 million project will renovate part of the plaza for town administration, police and fire departments.

The town plans to finance about $2.8 million of the project through the USDA and Truist Bank. The bank will provide a construction loan at a 1.54% interest rate and the town will later be reimbursed for the loan through the USDA, which it will then pay off on a 30-year term.

The LGC, which approves financing for all public projects of this sort in the state, approved the project as part of the consent agenda for its Tuesday afternoon meeting.

Interim Town Manager Dave Treme described the approval of the major project as anticlimactic as he watched the board move through its agenda.

The town has been working with the commission to make sure all the information needed was provided, including audits, questionnaires and discussions on the project.

The scope of the project changed after it went to bid last year and contractors returned estimates that were much higher than the town anticipated. Spencer had to strip back the details, notably removing a park from the scope.

The board has committed to going through with adding the park at some point, but that will take another $1 million.

Treme said the finalized contract should be awarded Thursday or this coming Tuesday. Vertex Construction has been tapped as the general contractor for the project and work is expected to begin in January.

“Once the contract is approved, we’re off and running,” Treme said.

Comments

Local

Human Relations Council starts day of service, adopts park as part of MLK celebration

Local

Hickory volunteers donate backpacks filled with essential items, sleeping mats to Salisbury VA

Local

City to hear priorities for 2021 Federal Action Plan, approve use of $200,000 HUD grant

Crime

Blotter: Woman faces drug, child abuse charges

Coronavirus

County averaging 118 new COVID-19 cases per day in 2021

News

Political Notebook: Rep. Sasser to chair NC House Health committee in second term

Ask Us

Ask Us: COVID-19 vaccination events have required adaptations, brought frustration

Local

38th Winter Flight Run moves to Mt. Ulla

Local

Cherry, Duren honored during all-virtual MLK celebration

Crime

Blotter: Rockwell man charged with statutory rape

Nation/World

Heavy fortified statehouses around the US see small protests

Local

Human Relations Council honors Martin Luther King Jr. with modified fair

Local

Local lawmakers talk priorities for 2020-21 legislative session

Business

From a home office to a global company, Integro Technologies celebrates 20th anniversary

Lifestyle

‘Quarantine Diaries’ — Jeanie Moore publishes book as ‘foundation of stories for my family’

Business

‘It pays for itself:’ Study shows economic impact of Mid-Carolina Regional Airport

News

Gov. Cooper sending another 100 National Guard members to Washington

Local

Rowan County set rainfall record in 2020

News

Former, current congressmen for Rowan County opposed second impeachment

Business

Biz Roundup: Chamber prepares for January Power in Partnership program

Education

Essie Mae holding COVID-19 testing Monday, recognizes honor Roll

Local

County will have hearing on new ordinance about feeding large animal carcasses to domestic animals

Business

Complaints to BBB up 36% in 2020

Nation/World

Some in GOP talk of chance for coming civil war