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Horry County council authorizes notice for up to $7.1 million in bonds to buy land near Coastal Carolina University
Summary
Council voted to authorize publication of notice for up to $7.1 million in general obligation bonds for the Horry County Higher Education Commission to acquire land adjacent to Coastal Carolina University; the commission chair said a contract exists for roughly 13 acres and agreed to seek an appraisal if council wishes.
Council members voted to authorize publication of notice that would allow the Horry County Higher Education Commission (HCHEC) to issue up to $7,100,000 in general obligation bonds to acquire land adjacent to Coastal Carolina University.
The council’s action followed presentations by HCHEC bond counsel Gary Pope and commission chair Melissa Welch. Pope said the bonds would be issued under the commission’s current millage and that maturities are expected to range from five to 15 years, with 10 years used as the…
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