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The Town of Chapel Hill is issuing the first round of general obligation bonds, which voters approved during a 2024 referendum. At its business meeting on June 25, 2025, the Town Council voted unanimously to receive and allocate the first issuance of bonds, which account for $10.6 million of the larger $44 million bonds.
The first issuance of bonds includes the following:
Streets and Sidewalks – $5.4 million
These bonds will allow the Town to move forward with several projects:
- Fordham Boulevard sidepath between Cleland Drive and Willow Drive
- Ephesus Church Road sidewalks
- Six sidewalk gap priority projects
- ADA Transition Plan improvements
Affordable Housing – $3.5 million
These bonds will allow the Town to fund partner projects focusing on high-impact development and rehabilitation projects that create and preserve affordable housing.
Public Facilities – $1.2 million
These bonds will allow the Town to begin design work for Fire Station 4 on Weaver Dairy Road.
Parks and Recreation – $500,000
These bonds will allow the Town to replace the aging climbing wall at the Community Center.
The Council’s vote also approved the final issuance of bonds – $3.2 million – remaining from a 2015 referendum. These bonds will be used for the replacement of the Bolinwood Bridge and the removal of a dam at the Town’s Legion Road property.
Read the council meeting agenda here.
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