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Southern Pines sets public-interest finding to pursue up to $7 million loan for town hall purchase
Southern Pines Town Council (work session) · September 24, 2025
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Summary
Council agreed the town should pursue installment financing and will forward a resolution to the Local Government Commission for review; staff said bids returned indicate 20-year rates near 4.3% (FirstBank) and 4.452% (Truist).
Southern Pines — The Town Council concluded that financing the purchase of the town hall property at 300 Southwest Broad Street would be in the public interest and directed staff to prepare resolutions to send to the Local Government Commission (LGC).
Assistant Manager Jessica Roth introduced the required public hearing step for the…
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