Cherry Grove Dredging: Council Passes Final Reading

During the June 29 Special Called North Myrtle Beach City Council meeting, Council passed second (final) reading of an ordinance confirming financing of the Cherry Grove Dredging Project.

The ordinance confirms the selection of Branch Banking and Trust Company (BB&T) as the lender for the upcoming financing for the Cherry Grove Improvement District, and also confirms that BB&T serves as Trustee under the Master Trust Indenture.

It approves the forms of the 2016 Supplemental Indenture, which contains certain terms relating only to the upcoming borrowing, and approves the latest form the Master Trust Indenture, which Council originally approved in March 2016.

The ordinance authorizes officials of the City to sign the indentures and related documents in order to bring the financing to completion.

Share this article

Follow Dredging Today

Events>

<< Aug 2019 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1

Eastern Chapter WEDA Fall 2019 Conference

Wednesday (10/16/19) afternoon will start the program with an opportunity to take the Dredging 101 course.

read more >

DREDGING FOR SUSTAINABLE INFRASTRUCTURE INDIA

At this 1-day conference, you will experience what it means to apply this new approach in practice.

read more >

CEDA Dredging Days 2019

The conference is well-attended by professionals representing the entire cross-section of the dredging field…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below....

apply

Dredging jobs in Abu Dhabi at NMDC

National Marine Dredging Company “NMDC” aims to be the largest dredging player in the Arab’s Gulf region...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply