Dateline: June 23, 2005

CEDC grants additional $100k for paving

By Roger Estlack, Clarendon Enterprise

The Clarendon Economic Development Corporation committed an additional $100,000 to the city’s 2005 street paving project Monday, a move that gives the city the resources it needs to fully fund the project.

Meeting in a called session, the CEDC board voted unanimously to approve the additional funds. Mayor Tex Selvidge thanked the CEDC.

“When [the CEDC] was voted in, one of the things that was to be done was streets.” Selvidge said. “It speaks highly of this board to see them join with the city. They are progressive and want to see the city improve.”

Monday’s vote is in addition to $20,000 pledged to street improvements in fiscal year 2003-2004 and $30,000 already pledged this year.

The CEDC board also intends to provide $30,000 each year – approximately half its annual revenue – to help the city pay the indebtedness on the new streets.