Council approves Rivercane funding

Published 4:06 am Wednesday, June 14, 2006

By By Adam Prestridge
As scheduled, the Rivercane project near Interstate 65 is flowing along.
Monday, the Atmore City Council approved several resolutions that will help the project stay on schedule.
The biggest approvals included two $1.5 million lines of credit that will ensure construction of infrastructure will begin as soon as a contractor has been selected.
"The Industrial Development Board had recommended earlier that Goodwyn, Mills and Cawood go ahead and put the plans out for bid on Phase 1," Atmore Mayor Howard Shell said.
The council granted that recommendation as well Monday giving Goodwyn, Mills &Cawood the authority to solicit bids for Phase 1 of the project.
The First National Bank &Trust and United Bank served as lenders of $1.5 million each and gave the city an interest rate of 4.78 percent.
Shell said having the project move forward is a positive step for the city and has been the topic of conversation over many cups of early morning coffee.
"There's been very positive talk around town," Shell said. "People are glad to see that we've finally reached the point to where we can begin construction. We see that this is the beginning of a good thing for the city and the people in the surrounding areas."
In addition to the lines of credit, the council also approved the covenants for Rivercane as recommended by the Industrial Development Board and approved the Property Owners Association and Architectural Review committees.
Peggie Byrd, Nicki Kearley and Lee Dabbs were each appointed to the Rivercane Property Owners Association committee, while Richard Maxwell, Mary Helen Graham, Jan Marsh and Robert Hendrix were appointed to the Rivercane Architectural Review committee.
In other business, the council:

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