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to undesignated savings of at least 8%, according to the presentation.

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Compared to other North Carolina municipalities with populations between 10,000 and 49,999 residents, Summerfield ranked highest in fund balance percentage – 507% in 2019 and 498% last year, the presentation said.

The average among municipalities statewide was 55.7% in 2019. Comparisons aren’t yet available for 2020.

“We are not going out frivolously spending money,” council member John O’Day said. “We are choosing to build a town hall and not finance any of it.”

Photo by Chris Burritt/NWO The Jumping Bean owner Kevin Murray serves up a cup of fresh, hot coffee to a customer waiting in line on a recent busy morning.

Jumping Bean staying in Summerfi eld Square through June

by CHRIS BURRITT

SUMMERFIELD – Kotis Properties is allowing The Jumping Bean coffee drive-through to continue operating in Summerfield Square until the end of June, delaying its departure by a month.

Greensboro-based Kotis, owner of Summerfield Square, has given Jumping Bean owner Kevin Murray a reprieve ing Bean owner Kevin Murray a reprieve after informing him in April it was termiafter informing him in April it was terminating his long-term, month-to-month nating his long-term, month-to-month lease, effective May 30. Murray said lease, effective May 30. Murray said he’s trying to secure a new location in he’s trying to secure a new location in Summerfield. Summerfield.

“We were able to negotiate some additional time with Kotis Properties to help allow us to make a smooth transition to a new location for The Jumping Bean,” Murray said in a text earlier this week. “We very much appreciate the cooperation.”

Sara Wood, Kotis’ sales and marketing manager, confirmed in an interview that the company has granted The Jumping Bean an additional month in Summerfield Square.

After more than nine years selling ... continued on p. 34

Every TUESDAY in June

Sushi/Hibachi dinner specials

(available from 4pm -9pm, dine in or take-out)

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