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Matthews commissioners approve limited bond sale for parks and road projects, 4‑3
Summary
After debate about timing and household cost, the board voted 4–3 to authorize staff to prepare paperwork for a $11,049,512 bond sale (scenario 3) to fund Purser‑Hulsey Park design/construction, East John/485 commitments and other park improvements.
The Town of Matthews took a first step toward issuing part of a voter‑approved bond package when the Board of Commissioners voted 4–3 to instruct staff and bond counsel to prepare paperwork for a spring bond sale in the amount of $11,049,512.
Town staff and financial advisors presented four funding scenarios for a subset of projects the voters approved in 2022. Scenario 3 — which the board adopted — would fund Purser‑Hulsey Park design and construction, East John Street/485 required improvements already underway, and a package of park improvements including smaller…
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