INDIAN TRAIL – Council members voted 4-1 this week to assign money from Indian Trail’s new capital reserve fund to pay for parks development if the Parks Bond is passed in November.
The town wants to build two new parks to add to the one small park they already have. Voters are being asked in November to approve a $8.5 million bond that would pay for the two new parks.
There was concern from some in town that passing the parks bond would require an additional tax increase on top of the 4-cent hike earlier this year. But the vote, held Wednesday, Aug. 8, established that the reserve fund would pay for any park development allocated through the bond.