Here’s a recap of the June 24 meeting of Greenville City Council.
Update: Neighborhood Infrastructure Bond
The city plans to issue the second round of the Neighborhood Infrastructure Bond. The NIB supports projects focused on roads, bridges, sidewalks, community centers and more.
Greenville City Council received an update on the NIB during a work session meeting on Monday. The city’s fiscal year 2024-25 budget includes the second round of funding totaling $18 million.
NIB funding comes from Installment Purchase Revenue Bonds. According to the city, the bonds are issued by the Greenville Public Facilities Corporation, a non-profit that holds title to land and buildings for the city. The city pays the NIB bonds back over time.
In 2022, council issued the first round of NIB funding equaling $36 million. Since then, nine projects have been completed including phase one of sidewalk improvements and road resurfacing projects. Six projects are currently underway and five projects are slated to be under construction in the next year.
Final approval: Public space and safety project funding
Council gave final approval to an ordinance appropriating $954,044 of in additional state funding to four public space and safety projects:
Initial approval: $4M in sewer bonds
Council approved the first reading of an ordinance allowing the city to issue $4 million in bonds for sewer rehabilitation, replacement and relocation projects. This debt will be added to the city’s wastewater fund and be paid over the next 20 years. The city has approximately $14.8 million in outstanding principal sewer bond issuances dating back to 2008.
Final approval: Ordinance amendment for signs
Final approval was given by council to amend the city’s ordinance for temporary signs on rights-of-way or other public property. The amendment removes the 48-hour notice before the city removes the sign from a public right-of-way.
Signs can also not be placed on bus shelters in residential zoning districts. The amendment states the city manager can permit signs sharing public information to be placed on public property.