This week in history we look back 10, 25 and 50 years to see what was going on in the eastern Wake County area.
In 2004, the Town of Wendell was given a clean bill of health in regard to debt. In 1989, officials were looking at alternatives to what they’d just discovered would be an expensive reservoir. And in 1964,the Zebulon Community Library finally found a home.
Lending and debt has unfortunately become a regular part of business and everyday life. While you have to spend money to make money, sometimes you have to start by spending money you don’t yet have, on the promise you can pay it back. In 2004, Wendell proved, despite some naysayers, that its debt levels were well under control.
Those questioning Wendell’s financial health should not have anything to worry about, town officials said. Wendell is clearly under its debt limit, the town’s rainy day fund is growing, and even the about $4 million in sewer line won’t increase the total amount of debt to a high level, officials said.
The town’s financial health has been questioned by some of the opponents of the involuntary annexation that is scheduled to become effective in April 2005.
Town Manager Tim Burgess said the most recent audit report, based on Wendell’s financial situation at the end of June, reveals that Wendell is “way under“ its debt limit. The town’s legal debt limit is about $16.77 million and that is already adjusted for the current debt of $4.37 million the town has, David Williams, who audits Wendell, said.
Sometimes when you make plans to do something, you find out that it won’t go well. In 1989, officials were working on a way around the high cost of a Little River reservoir.
On the heels of a report that revealed the Little River Reservoir may cost much more than originally thought, a local task force met last week to ponder the future of the project.
The alternatives offered in the report include the original proposal off S.R. 2320 with the pool elevation expanded to 270 feet and a million-gallons-a-day (mgd) flow of 19.9; a smaller project at the S.R. 2320 site with a 260-feet elevation and 12.9 mgd capacity; and a site 1,000 feet upstream of U.S. 64 that would yield 16.8 mgd. A watershed at the original site would cost $42.2 million and require the acquisition of 4,230 acres; the smaller project would be located on 2,630 acres at a cost of $30,3 million; and the third would cost $37.8 million and require 3,250 acres. The first study placed the land requirement at 1,450 acres.
After being haphazardly stacked around here or there in one building or another, the Zebulon Community Library finally found a place to call home in the old post office building.
Zebulon Community Library, Inc., board of directors voted unanimously Monday night to purchase the building housing the Zebulon Post Office for the library’s future home.
The building is being abandoned by the U.S. Post Office Department because local postal service has outgrown the building’s facilities.
The U.S. Post Office Department approved the construction of a new post office building here Wednesday, October 21.
Mrs. George Tucker, president of the library association, said the purchase price of the building is $15,000. The building, located a short distance off main street on East Horton Street, has a total of 1,900 square feet.