With Friday’s passage and Saturday’s signing of the US Senate’s bipartisan package of six fiscal year appropriations bills, the Village of Bald Head Island is officially set to receive its request of $4.5 million to go toward its 2025 Coastal Storm Damage Reduction (CSDR) project. The Village would like to thank Congressman David Rouzer for his support in addition to Assistant Village Manager & Shoreline Protection Manager Jae Kim who worked on this effort. Congressman Rouzer initiated the funding request and moved it forward.
Also on Friday, the Village received its US Army Corps of Engineers permit for the project. This permit is a companion to the one the Village has already received from the NC Division of Coastal Management for the project.
Following last week’s passage of the GO bonds, the Village Council will formally certify the results of the referenda at a special meeting on March 28, 2024. Pending approval from the NC Local Government Commission (LGC) in May, the Village will be authorized to borrow up to $20.2 million ($2.2 of this was from a previous GO bond) and now has another $4.5 million to work with.
The final project scope, financing, and any tax implications will be discussed after the Village’s coastal engineers analyze the bids and recommendations are made to the Council. This will likely take place in late summer 2024.
Please visit the Village’s 2025 CSDR webpage HERE for details on the proposed project.