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Continued from Tuesday night

Here's what we didn't have time or space to include in the paper(unposted) from last night's council meeting:

  • Thanks to lower interest rates, the city can refinance some of its outstanding debt from bonds first issued in 1992. The council gave Finance Director Rick Lusk the authority to make the move, which is hoped to save between $800,000 and $1.4 million in interest payments.
  • The council voted 5-4 to uphold an annexation and rezoning for Centex Homes to build 124 homes on the south side of I-85 near Young's Mill Road. Two weeks ago, the council heard the case and made the same vote. Here's the background of the case as we wrote Sep. 8:

  • The council rejected a similar plan in April by a 6-3 vote. Centex planned to build homes in the $100,000 to $150,000 price range, but nearby residents wanted the company to build larger, more expensive homes to match surrounding neighborhoods. Opponent Barbara Starr noted that the plan offered by Centex was almost identical to the one already rejected by the council. "Centex is basically coming to you with the same proposal as before," Starr said. Both plans called for a similar number of homes, though the plan presented Tuesday put some restrictions on the development. Council members Yvonne Johnson, Don Vaughan, Claudette Burroughs-White and Dianne Bellamy-Small voted against the plan Tuesday. Vaughan had voted for the plan in April, while Holliday, Florence Gatten and Tom Phillips moved from opposing the first proposal to supporting the recent one.
  • The developer of Cone Mills' former Revolution Mill withdrew a request to open up Hubbard and Cypress streets into a parking lot at the mill, which is now used as office space. Council members seemed determined not to open up the streets to through traffic, so the developer, James Peeples, backed off from his request.
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    Don't you just hate that stuff is unposted?

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