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City Council to vote on $6 million bond issue

Hendersonville voters will decide in November whether the city can borrow $6 million to develop Berkeley Park and make other parks and recreation improvements if the City Council approves the steps needed for a referendum.


The bond issue would require a tax increase of roughly 2 cents per $100 valuation for repayment, city finance director Jim Rudisill told the council at a planning workshop in February.
The City Council is scheduled to vote Thursday on a resolution to put the bond issue on the Nov. 5 ballot for city voters. A Charlotte-based consultant presented a recommended park plan for the Berkeley property that includes walking trails, soccer fields, picnic areas, a memorial tree garden and other amenities at a cost of about $5 million.
The council action on the agenda for Thursday's meeting is to apply for permission from the state Local Government Commission, which must authorize city bond issues.
The $6 million would pay for "improving and expanding the existing parks and recreation facilities of the city, inside and outside its corporate limits, including, without limitation, the acquisition of any land, rights of way and equipment."