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StarNews: Council to consider $42 million baseball bond referendum

By Shelby Sebens
StarNewsOnline.com

The Wilmington City Council will likely consider moving forward with a $42 million baseball bond referendum at the next regular meeting on July 10. According to city emails, the council could consider a resolution that would direct staff to publicize a plan to apply for Local Government Commission approval for the general obligation bonds.

The proposed resolution, sent from outside legal counsel to city finance director Debra Mack, states the general obligation bond would be for $42 million. The issue would have to go on the ballot and voters would have to decide whether they want to pay 3.5 cents per $100 of value more in property taxes.

Click here to read more in the Cape Fear Watchdog$ blog at StarNewsOnline.com

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