Sanford City Council voted to approve utility mergers with the Town of Siler City and Chatham County at its Tuesday, November 5, 2024, meeting. To provide for its current water needs and to prepare for the Chatham-Siler City Advanced Manufacturing site and Wolfspeed, Siler City approved a utility merger with Sanford at its October 7, 2024, meeting. Chatham County followed suit at its meeting on November 4, 2024. “After careful consideration, each of our boards have made a decision that puts our residents first and meets the current and future needs of our communities,” said Mayor Rebecca Wyhof Salmon at the meeting. As a term of the merger, Chatham County will share 20 percent of the net property tax revenue from industrial and commercial customers connected to the consolidated utility system. The utility assets from Siler City and Chatham County will transfer to Sanford on July 1, 2025. Get full details on our website at https://lnkd.in/dqqism2R.
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1moThank you for leading the charge on this! Hoping other municipalities will follow.