HAMPSTEAD – Roget’s Thesaurus gives several definitions for the words routine and mundane including usual, habitual, customary and standard for routine and humdrum and commonplace for mundane, and in a lot of ways all of those definitions were part of the volleyball contest between Topsail High School and conference foe Clinton last night in Hampstead.
SNEADS FERRY – Parents in Sneads Ferry contemplating dance lessons for their kids will have the opportunity to give it a try at no cost as next month there will be free dance lessons offered for children ages 5 to 9 years-old.
Each Friday Topsail News Online’s Lee Wagner will give a breakdown of each game our four local high school football teams will play. The feature will include breakdowns for not only our local team but their opponents. Stay tuned each week.
Over the last several months, County Finance Officer Watson, Utilities Director Mack, and myself (county manager Mickey Duval) have been engaged in a multitude of activities related to refinancing all existing water utility improvement debts to lower interest rates and shorter repayment maturities. The existing debts have interest rates ranging from 4.25% up to 5.75% and 40-year maturities. On August 6, 2012 the Board approved staff moving forward with a plan for the Districts to issue their refunding bonds to the County. The County would generate funds to buy those bonds by selling Limited Obligation Bonds (LOBs) in the open bond market. The LOBs were all sold on Thursday, September 27, 2012 into a very good municipal bond market due to the County’s recent Moody’s bond rating of Aa3 for this $22.33 million issuance. ***The overall net savings in this refunding effort was $4,593,729 over a 32-year amortization period (7 years shorter than the original maturities). In addition, the overall net interest rate for this debt was lowered to 3.767%. The savings from this refunding of the Water District’s existing debt will not result in a lower water rate to our customers, but will greatly reduce the risk of any rate increase of the monthly “base/availability fee” over the next 32 years in all the Districts.
NORTH TOPSAIL BEACH - The Big Sweep beach clean-up event draws closer and volunteers are needed for the North Topsail Beach section. The event will take place on October 6, from 8 to 10 a.m. Contact Dawn Brannan at email@example.com for more information.