Belmont council adopts $25 million transportation bond order and sets Nov. 5 referendum

The Belmont City Council voted Aug. 5 to place a $25 million general obligation transportation bond on the Nov. 5, 2024 ballot, adopting a bond order and a companion resolution that direct the Gaston County Board of Elections to print ballots and run the referendum.

Jonathan Wilson, the city's public works director, introduced the proposal and reviewed its scope, saying the bond would pay for acquiring rights of way and for "acquiring, constructing, reconstructing, widening, extending, paving, resurfacing, grading and improving streets and sidewalks," including curbs, drainage, lighting, traffic controls, bicycle lanes and streetscape work. The bond order reads that the maximum aggregate principal amount authorized is $25 million and cites the Local Government Bond Act and the Local Government Finance Act of North Carolina as the legal basis for issuance.

In a public hearing before the council, business and transportation representatives urged approval. Melissa Gordon, who identified herself as board chair of the Montcross Area Chamber of Commerce, said the chamber supported the bond because improved transportation infrastructure "is critical for fostering economic development," would reduce congestion and allow investments in bike lanes and pedestrian improvements. Carrie Massie, identifying herself as chair of the Gaston Business Association board and president and CEO of Holy Angels, said the projects would address safety and commuting challenges for employees (she said Holy Angels employs more than 350 people).

Patrick Mford, speaking for the Committee for Gaston County Transportation Improvements, told the council the committee would lead a "vote Yes" campaign if the bond is placed on the ballot and said the package targets intersections and pedestrian and cyclist safety near schools, parks and retail areas.

Councilmember Alex moved to adopt the bond order "as read," a motion seconded by Councilmember Catherine; the presiding officer said the motion passed on a voice vote. Alex told the council the item had been discussed at prior retreats and that placing the measure on the ballot leaves the final decision to the voters.

The resolution adopted by the council instructs the deputy clerk to publish notice(s) as required, to mail a certified copy to the Gaston County Board of Elections within three days and requests the county to provide equipment and ballots for a special bond referendum. The resolution as read in the record included an estimated cumulative cost over the life of the bond of approximately $39,280,000 (principal plus interest) and an illustrative property-tax impact of $72.50 per year for each $100,000 of assessed value, consisting of $42.50 beginning in fiscal year 2026 and an additional $30 beginning in fiscal year 2028.

Next steps: the deputy clerk will publish the required notices and transmit the resolution to the Gaston County Board of Elections; the referendum is scheduled for Nov. 5, 2024.