NEWS
Ground may be broken in a few weeks for industrial tech center at NCTC
By BARBARA GREEN
Construction of the new industrial technology center at North Central Texas College-Bowie could begin within two weeks as the 4B Economic Development Sales Tax Corporation finalizes its financing and builder’s contract.
During the May 16 Bowie City Council meeting a resolution for a $2,129,400 sales tax revenue note was approved. Ward Wallace, board president, said this is a 20-year-note at 3.8 percent interest. That amount also includes financing costs. The board also plans to pay for a portion of the project with cash.
The bond for the original college building will be paid off in 2019 and directors will structure the financing with similar payments.
The 4B projects are funded by a one-half of one percent economic development sales tax. The other half of the ED sales tax goes to the Bowie Economic Development Corporation 4A Board for its projects such ED incentives and the Bowie Business Park.
Read the full feature on the ITC project in your weekend News.
The Nocona City Council approved a trio of Nocona Economic Development Corporation requests and considered infrastructure work questioned by a city council.
Councilors met on June 10. Two of the NEDC requests had already been presented with the timeclock for comment started. With that time limit over, the requests were finalized.
The Type A and B Boards will spend $19,225 at the Indian Oaks Golf Club for equipment, aerifying and top dressing the greens and batteries for rental carts. It also will expend $20,000 to the Nocona Chisholm Trail Rodeo Arena Committee to build new concrete bleachers, railings, fence and platform.
The third NEDC request is a new one related to a Type B board loan of $200,000 to Amy and Chris Nunneley for a new apartment and office construction project.
Read the full story in the Thursday Bowie News.
Due to the June 19 Juneteenth federal holiday the U.S. Post Office will be closed, which moves the Thursday Bowie News to a Friday delivery date
It will be available in the stores at its regular time.
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