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Nags Head approves financing steps for roughly $38 million beach nourishment project; dredges expected in late May
Summary
The board approved an interlocal agreement with Dare County, a bond resolution and related budget and capital ordnance amendments to fund an approximately $38 million beach nourishment project without a tax increase; staff said the town’s contribution is just over $12 million and dredges are expected to arrive May 20–23.
The Nags Head Board of Commissioners on May 6 approved several financing and budget actions to move forward on an approximately $38 million beach nourishment project covering roughly 10 miles of shoreline.
Finance staff reported that the Local Government Commission had approved the financing, enabling the board to consider an interlocal agreement with Dare County, a special obligation bond resolution, a capital project ordinance amendment and a budget amendment to make…
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