Town gets $120,000 loan for new community center

First Posted: 1/15/2009

RED SPRINGS -- The Red Springs Board of Commissioners agreed to accept a $120,000 loan from the U.S. Department of Agriculture to help build the town's community center.
The terms of the loan haven't been set, but Town Manager Wayne Horne said it would most likely be a 30-year loan with an interest rate of about 4.6 percent.
The loan joins an $88,000 grant and another $72,000 loan the town had already received from the USDA. The town had been looking to put the center on East Third Avenue, but a September fire at the Citizen Printing building caused damage to that area. Horne said the town is negotiating a deal for another location.
Horne would not disclose the location, but said it had 75,000 square feet. He said it would have meeting rooms of various sizes and could accommodate up to several hundred people. .
The board also recognized the Red Springs Dixie Youth AA and AAA All-Star teams for winning their District IX championships. More than 50 players, parents and supporters came to Town Hall to shake hands with Mayor George Paris and get a copy of the resolution honoring them.
The AAA team advanced to the semifinal round in the N.C. State Dixie Youth Baseball tournament at Carolina Beach. The AA team played its tournament in Dallas, N.C.
In other business, the board approved a resolution supporting federal recognition of the Lumbee Tribe.

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