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Fiscal court may be venturing into un-driven territory when Camp Branch Trail subdivision is paved later this year. New landowners requested Monday that road bond funds be used to finish what the original developers did not.
“We want the road built so we can sell the lots,” said Steve Bowman, president and CEO of The Peoples Bank in Taylorsville.
The bank became owners of the subdivision when developers John M. Hensley and John Knasel, of The Seasons, LLC, voluntarily relinquished their ownership of the nearly 84 acres off Bloomfield Rd. in lieu of foreclosure last November. The Peoples Bank had a lien against the property for $775,000.
Judge Executive David Jenkins said that this is the first time he can recall the county using road bond money to finish paving a development. He anticipated that the roadwork would be finished later this year.
“We have to do it,” said Jenkins. “and if we wait, costs are only going to go up.”
Fiscal court will seek bids to bring the .91 miles of gravel up to county road specifications. In the meantime, road bond funds will be deposited in a certificate for deposit – in the hopes of earning a little interest. Developers are required by county ordinance to secure road bonds at a rate of $100,000/mile. Hensley and Knasel had secured $91,000 to cover the cost of paving.
Jenkins said the road bond secured for Camp Branch Trail subdivision should cover the county’s expenses. If not, fiscal court would revisit the ordinance and increase the amount required to obtain all future road bonds. Magistrates have discussed during recent court meetings raising the amount to $160,000/mile. Jenkins said when he first came into office 10 years ago the road bond was set at only $20,000/mile.
Homeowner Theresa Bell said she was concerned when she heard that the developers gave the property back to the bank. For almost three years, the Bell family has remained the only residents of the subdivision. Their two-story home has sweeping views of the horizon in all directions.
“When we pulled up that first day, we fell in love with it,” said Bell, adding that it was a nice change from noise and chaos of Louisville. “Now, we’re ready for neighbors.”
Bell said that a paved road would certainly help attract new home buyers. Rain and daily traffic has gradually worn down the gravel and replaced it with pot holes and trenches.
“The more it rains, the more the holes grow,” said Bell. “We would be ecstatic to get a paved road.”
The Camp Branch Trail subdivision consists of 36 lots ranging from one to five acres. Lots one through 16 are zoned R-1 and meant for stick built homes. Lots 17-36 are zoned R-3 and designed for manufactured homes that adhere to restrictions on size and roof pitch.
In other court news:
• Magistrates agreed to notify the dispatch contractor that the county will not automatically renew the contract at the end of the fiscal year.
• Jenkins notified magistrates that the purchase of the communications equipment will be delayed while the 9-1-1 committee researches other alternatives.
• Fiscal court unanimously approved the sheriff’s department and the county clerk’s office annual budgets.
• The purchase of a 2001 Ford 450 flatbed truck was approved for $7,500. The vehicle will replace the one that was stolen from the fairgrounds earlier this year.
• Time clocks at EMS and the county road department will be replaced at a cost of $518 a piece.
• Magistrate David Goodlett was re-appointed to serve a one-year term on the health board.
• The purchase of tires for two county vehicles was approved for a total of $510.