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Holly Springs DDA approves May 21, 2025 meeting minutes and adjourns
Summary
The Downtown Development Authority of Holly Springs City approved the May 21, 2025 meeting minutes by voice vote and adjourned; the board also heard a developer presentation requesting a $2.0M loan and requested more documentation.
At the May 21, 2025 Downtown Development Authority meeting of Holly Springs City, the board voted to approve the meeting minutes. Speaker 3 moved to approve the minutes; the motion was seconded and the board voted 'Aye' and the motion passed by voice vote.
The board also heard a presentation from a developer seeking a $2,000,000 loan to support a 220-unit affordable senior housing project and proposing a separate $2,200,000 developer payment for a future roadway; the DDA requested documentation and did not vote on the loan at this meeting. Speaker 1 announced an upcoming bond-related meeting on August 4 at 6 p.m.; the city council will consider the bond vote later and the DDA will receive documents when available.
The board then moved to adjourn. Speaker 1 made the motion to adjourn, Speaker 5 seconded, the board voted 'Aye' and the meeting was adjourned.
