Amount: $40 million authorized Description: Two categories of projects, which include fully bond-funded projects with shorter turnaround times (green projects) and larger projects that would require additional funding from the N.C. Department of Transportation or other sources.
Purpose: Town-driven, bond-funded and quick-turnaround projects requiring no additional funding sources. Funding will be used to improve pedestrian and motorist travel throughout Holly Springs with an emphasis on what will benefit residents most and what can be done within an immediate time frame.
Town Uses Bonds to Share in Cost with NCDOT and Others
Portion of $40 million Bond: $24 million
Purpose: For these larger, costlier projects, the Town plans to use bond funds as contributions to matching grants that would make the projects possible. These are State-maintained roadways that would likely invite N.C. Department of Transportation participation. In this way, the Town will get much more than $24 million worth of improvements.