OAK

RIDGE TOWN COUNCIL ...continued from p. 7 on Linville Road.

The site plan now goes to the town’s Planning and Zoning Board for zoning approval, according to Bruce. The site plan and proposed tower graphics will also be submitted to the Historic Preservation Commission for a COA (certificate of appropriateness).

A rendering of the tower shows the logo consisting of an oak leaf with two acorns and the words “Oak Ridge.”

“ is isn’t approval of the project at all,” said Sullivan, who serves as the council’s liaison to the Water Advisory Committee.

The committee is evaluating technical aspects of the project unrelated to the site and logo, he said. (See related article on p. 2.)

Financial Update

Early loan repayment. Finance officer Sam Anders reported that Oak Ridge paid back its loan for purchasing the Whitaker property – the future site of Heritage Farm Park – five years ahead of schedule

The loan payment of $950,000 will save the town about $125,500 in interest payments that it would have paid over the next five years, Anders said.

Oak Ridge negotiated a $1.8 million purchase of the 58 acres from Frank and Claudia Whitaker, according to a Northwest Observer article in April 2018. As a condition of the sale, the Whitakers requested a $170,000 down payment at the time of closing in July 2018, followed by nine