Cabarrus

Briefly

Check out this video

Speedway Christmas: Staff writer Lukas Johnson ( ljohnson@charlotteobserver.com) has uploaded a new video of Charlotte Motor Speedway’s 3.1-mile “Speedway Christmas” tour of lights. To see the video, go to http://bit.ly/1zB0xuv.

Concord

Bonds financed at savings:Concord city officials have completed the financing process to support the construction of its new City Hall and related projects, as well as refunding outstanding Series 2005 Certificates of Participation for savings, according to a news release from the city. The sale included $29.34 million of limited obligation bonds (Series 2014A), and $5.28 million of taxable limited obligation bonds (Series 2014B).

The bonds received ratings of Aa2, AA+ and AA from Moody’s, Standard & Poor’s, and Fitch, respectively. The news release said the Standard & Poor’s rating represents an implied AAA rating for any general obligation debt, the highest obtainable rating.

Series 2014A sold at interest rates ranging from 3.36 percent to 3.26 percent, 10 basis points lower than expected due to market conditions, according to the release. Series 2014B was reduced by five basis points from the estimate, selling at 2.45 percen t to 2.4 percent.

Besides funding the City Hall project at low interest rates, the combined offering provided present-value savings of nearly $1.37 million to the city.

“Thanks to Finance Director Pam Hinson and her staff for their diligent effort in preparing for the bond ratings and working with the N.C. Local Government Commission on the new and refunded debt,” City Manager Brian Hiatt was quoted in the news release as saying. “By issuing the new City Hall debt at a low interest rate, current and future citizens will realize much greater value for their dollars.”

The Concord City Council authorized the financing and refunding with a bond order at its Oct. 9 meeting. To learn more about the City Hall project, visit concordnc.gov/newcityhall.

League of Extraordinary Legos: The League of Extraordinary Legos will meet at 4:30 p.m. Dec. 16 in the upstairs auditorium of the Concord main library, 27 Union St. N. The library will provide the Lego building pieces, and children ages 4-12 can bring their imagination and building skills. For more information, call the Children’s Room at 704-920-2058.


Harrisburg

Town’s holiday schedule: Town of Harrisburg offices will be closed Dec. 24-26 and Jan. 1. There will be no garbage or recycling collection Dec. 25. Collection will run on a one-day delay the rest of the week.

Yard waste collection scheduled for Dec. 25 and Jan. 1 will operate on a one-day delay. Christmas trees will be collected beginning on Dec. 29 with regularly scheduled yard waste pickup. Trees should be cleaned of all ornaments, lights, tinsel and other decorations and placed curbside by 7 a.m. on regularly scheduled yard waste collection day. Bulk items will be collected on Wednesdays as usual.

Harrisburg Parks & Recreation programs will not take place Dec. 25. All regularly scheduled programs will resume Dec. 27. Pharr Mill Road Park, Harrisburg Park and Stallings Road Park will be open regular hours throughout the holidays. There will be no youth basketball practices or games Dec. 22-Jan. 3. Practices and games will resume the week of Jan. 5. Call the Harrisburg Parks & Recreation Department at 704-455-7275 with questions.

Visit www.harrisburgnc.org/ for more information or contact the town’s Customer Service Department by phone at 704-455-5614 or via email to customerservice@harrisburgnc.org.

  Comments