Town hall financing contract moves to local government commission

HOLDEN BEACH—The town’s financing contract for the town hall and police department expansion project has been forwarded to the local government commission for approval.

Town manager David Hewett said the financing contract forwarded to the commission was awarded to BB&T.

The terms of the $4 million financing contract are 3.81 percent for 20 years, Hewett said. No residents spoke during the public hearing, which was required by the local government commission. The commission is slated to review the financing contract March 4, he said.

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