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Appraisals Received from BHITA

The Village has received the latest appraisals from the Bald Head Island Transportation Authority.  The Bald Head Island Ferry Terminal appraisal can be viewed HERE.  The Deep Point Ferry Terminal appraisal can be viewed HERE.  Both documents are also available...

Village provides an overview of its considerations, findings, and next steps as it considers acquiring the BHI Transportation assets

As you may have heard, the Village is considering acquiring the BHI Transportation assets.  Factoring into its consideration are: Lower Debt: significant savings because of less funds borrowed and at an interest rate of approximately 2.43% - 2.92% versus 4.25%...

Village Requests Clarification of BHA Background and Chronology

The Village Council appreciates the Bald Head Association (BHA) attempting to survey its members regarding the proposed sale of the Transportation system to the Bald Head Island Transportation Authority (“TA”).  However, we note with serious concern several inaccuracies in the...

Village Positioning Itself to Prevent Worst-Case Scenario

This week, the Village Council submitted its Notice of Intent to Seek Approval for Issuance of General Obligation Bonds.  The intent of this action is to have everything in place, should the Bald Head Island Transportation Authority and Bald Head...