What’s up with New Market Tax Credits (NMTC)?

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Has the government cut the New Market Tax Credits by $5 billion?  Is this still a viable option to fund the “proposed” event center?

http://www.cdfifund.gov/news_events/CDFI-2014-07-CDFI_Fund_Amends_2013_2014_NOAA_for_the_NMTC_Program.asp

http://www.dailyprogress.com/newsvirginian/news/local/construction-halted-on-wayne-theatre/article_10e185d0-cce2-11e3-8c88-001a4bcf6878.html

http://www.newsleader.com/article/20140429/NEWS01/304290028/Wayne-Theater-renovations-halted

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Quid pro quo? – Audio of Rocky Mount City Council Meeting – April 28, 2014

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This audio provides great insight into the mindset of the Rocky Mount City Council.  Please take the time to listen to this audio.  Listed below are topic areas mentioned in the Rocky Mount City Council Meeting – April 28, 2014.

01:35 – Public comment

11:35 – Councilman Blackwell begins his comments

20:00 – Councilman Blackwell comments on Holding and Goodman investment

20:40 – Motion by Councilman Blackwell to instruct City Manager to spend pre-development funds for securing ...

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Proposed Nash County $25 Solid Waste Fee Nixed Saving Citizens $500,000

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Nash County Commissioners dropped plans to increase and propose new fees for solid waste as reported in the Rocky Mount Telegram on May 10, 2014.  The Community Council researched and presented to Nash County Commissioners concerns with this proposed fee.  Not sure if we impacted the decision of the Commissioners but we like ...

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Rocky Mount Telegram Opposes the Proposed Event Center.

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The Rocky Mount Telegram does not “believe an event center is in the best interests of this community at this time.”

To read their editorial please go to: Event center not a good idea at this time

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New $25 Fee or Tax? – Nash County Solid Waste Program

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The Rocky Mount Telegram reported on March 24, 2014 that the Nash County Commissioners requested a $25.00 fee to be included in the next budget proposal.  This is a departure from previous protocol by excluding incorporated areas for use of Nash County convenience center fees.

“Nash County commissioners voted unanimously Monday to direct staff to include a new $25 per year convenience center fee for households in incorporated areas of the county in the budget recommendation for next fiscal year.” Continue Reading →

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Proposed Rocky Mount Event Center Financing

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On March 24th, the Rocky Mount City Council Committee of the Whole Meeting consisted of presentations by Davenport & Company, Bridget Chisholm with BWC Consulting and an attorney.  The presentation consisted of four (4) scenarios in a report titled Event Center Financing Discussion Materials.

In addition, please read the AECOM Rocky Mount Event ...

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How will you pay for the Event Center?

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How will you pay for the Event Center?

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Things to Consider with the City of Rocky Mount Proposed Event Center

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We encourage folks to read both the Rocky Mount Event Center Market Feasibility Study by AECOM and Frequently Asked Questions piece published by the City of Rocky Mount.  After reading we encourage folks to consider the positive and negative consequences of  building a facility of this magnitude.  The Community Council has a list of things to consider with ...

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Financing Options for the proposed Rocky Mount Event Center

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Rocky Mount City Manager, Charles Penny, will present financing options for the proposed Event Center at the 2:00 PM City Council of the Whole Meeting March 24, 2014.

Click here to add to your calendar

Announcement made during the February 24, 2014 City Council Meeting

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We Have Issues – Let’s solve them together.

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The Community Council _Newspaper Ad_RMT_FIN - Feb 2014

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