HomeMy WebLinkAboutTown of Mooresville - Public Financial ReportPOPULAR ANNUAL FINANCIAL REPORT20
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For the year ended June 30, 2021
Town of Mooresville, North Carolina
Published by the Finance and
Communication & Marketing Departments.
From Designing to Constructing Our Future
Randy Hemann, Town Manager
MESSAGE FROM THE TOWN MANAGER
2 ::::: TOWN OF MOORESVILLE, NORTH CAROLINA
Randy Hemann, Town Manager
MESSAGE FROM THE TOWN MANAGER
TABLE OF CONTENTS
I had the privilege to speak at our Town’s Citizens
Academy recently about how we are both planning and
building for the future. Between the new construction
underway for our Police Station, Fire Training Facility,
and Fire Station 6, as well as the recent expansion
to our Fleet facility, we are increasing our capacity to
provide the highest level of services for residents.
Other departments are also making great strides
toward meeting current and future needs. The
Town has recently spent close to $4 million making
improvements on NCDOT-owned and maintained
roads to help with traffic issues, including the
Highway 150/115 and Highway 150/801 intersection
improvement projects. Mooresville initiated and funded
projects have continued, as almost $555 million of
planned NCDOT road improvements continue to be
postponed due to funding problems at the state level.
While we are looking to the future, we have also
continued to honor our past. Our Downtown, with its
many great shops, restaurants, and destinations like
Merino Mill, is not just part of our past; it’s part of our
future. The new Mill One building, aptly named for
Mooresville’s first mill, is now home to 90 apartments.
Soon, it will house several new restaurants, while iconic
locations like What-
A-Burger continue to
thrive. This year also
marked the opening
of two new hotels at
the Langtree area,
which has blossomed with lakefront development.
Someone recently asked me what the future of
Mooresville holds, and to me, there is one word
that describes it: opportunity. We have so many
wonderful offerings in the area of quality of life,
including restaurants, the lake, parks, recreation and
cultural offerings, and the list goes on. We also have
employment, with a broad spectrum of businesses and
industries locating here for all the same reasons that
has both kept native Mooresville residents here and
has drawn in newcomers. The future is full of prospects,
because we have retained our small-town charm and
friendliness, while also growing into a place that will
draw our children back here to raise their families.
Thanks to the many businesses, organizations,
and people who continue to make Mooresville a
special place.
During the summer, the Town’s Parks and Recreation
Department sponsored the inaugural outdoor concert
series under the new band shell at the recently renovated
Liberty Park. For more information on continuing improvements at Liberty Park, see page 15.
3 Our Town Government
4 About Mooresville
5 Budget Process & Highlights
6 General Governmental Results
8 Enterprise Results
10 Managing Debt
10 Fund Balance
11 Bond Rating
12 Capital Projects
ON THE COVER
2 ::::: TOWN OF MOORESVILLE, NORTH CAROLINA
Board of Commissioners
FROM IN THE BOARD ROOM
2021 POPULAR FINANCIAL ANNUAL REPORT ::::: 3
Board of Commissioners
FROM IN THE BOARD ROOM
OUR TOWN GOVERNMENT
The Town of Mooresville has a council-manager
form of government. The Board of Commissioners
and Mayor formulate policy for the administration
of the Town and act as the governing body. The
mayor presides at all Board meetings and serves
as the chief executive officer and official head
of Town government. The mayor is elected in a
non-partisan election to serve two-year terms.
The six members of the Board of Commissioners
are elected in non-partisan elections in staggered
four-year terms. The Board appoints the Town
Manager to serve as the chief administrative
officer of the Town.
ABOVE: Board of Commissioners (left to right), Commissioner Whittington, Commissioner West, Mayor Miles Atkins, Commissioner Houston, Commissioner Compton, Commissioner Dingler and Mayor Pro Tempore Qualls.
LEFT: Assistant Town Manager Beau Falgout recognizes Youth Council President Martin Blue for his work with the Officer Jordan H. Sheldon Memorial Dog Park.
A WORD FROM FINANCE
The purpose of the Popular Annual Financial Report
is to provide an easy-to-read summary of key financial
operations in the Town of Mooresville. The financial
information in this report has been taken from the
2021 Town of Mooresville Annual Comprehensive
Financial Report (ACFR), which was prepared according
to Generally Accepted Accounting Principles (GAAP).
The ACFR contains fully audited financial statements
and notes disclosures for all activities, funds,
and component units of the Town of Mooresville
government. The ACFR was audited by an independent
external auditor, Potter & Company, P.A., resulting in the
firm’s recognition that the Town’s financial statements
are fairly and appropriately presented, without any
identified exceptions and in compliance with GAAP.
You can view this PAFR and the current and past year ACFR’s (formerly CAFR) at https://townofmooresvillenc.com/FinancePublications.
2021 POPULAR FINANCIAL ANNUAL REPORT ::::: 3
4 ::::: TOWN OF MOORESVILLE, NORTH CAROLINA
ABOUT MOORESVILLE
ABOUT MOORESVILLE
The Town of Mooresville is a rapidly growing
metropolitan community located in Iredell
County, North Carolina. In 1856 a small-scale
planter named John Franklin Moore donated
land for a cotton weighing platform and depot
adjacent to the railroad that crossed his land. As
business developed, the area became known as
Moore’s Siding. From this community, the Town of
Mooresville was incorporated in 1873. A thriving
textile industry bolstered Mooresville’s continued
expansion throughout the 20th century. Since the
beginning of the new millennium, Mooresville
has enjoyed its most significant growth, both
commercially and residentially. Between 2000
and 2021, the tax base grew from $1.429 to
$8.134 billion. Mooresville is now home to many
regional and national companies, including
NGK Ceramics USA, Lowe’s Corporation, Corvid
Technologies and Carolina Beverage Group, LLC.
Hoteliers such as Aloft and Tru by Hilton offer
contemporary amenities to visitors enjoying the
proximity of beautiful Lake Norman, the largest
man-made lake in North Carolina. National
retailers such as Target, Walmart, and Costco,
along with a wide variety of locally owned
businesses, present even more opportunities
for employment, shopping, and recreation
throughout the town for both residents and
non-residents alike.
PRINCIPAL EMPLOYERS
Lowe’s Companies
Inc
NGK Ceramics
USA
Lake Norman
Regional Medical
Center
Mooresville
Graded Schools
Bestco Inc
Pactiv LLC
Walmart
Associates, Inc
Town of
Mooresville
Penske Racing
Carolina Beverage
Group, LLC
BY THE NUMBERS
Population 42,594*
Land Area in Square Miles 20 93
Average Per Capita Income $52,423
Median Home Value $254,711
Unemployment Rate 3 70%
Water Mains 328 miles
Streets 156 miles
Parks 14
*Population according to U.S. Census Bureau based on 2020 data is 50,193.
2021 POPULAR FINANCIAL ANNUAL REPORT ::::: 5
BUDGET PROCESS & HIGHLIGHTS
BUDGET HIGHLIGHTS
As the pandemic began during the planning of the FY2021 budget,
requests were immediately pared down in preparation for an oncoming
drop in revenues. While ongoing construction continued, new projects were
temporarily paused. Budget highlights at the time of adoption included
designs for several new road projects and design for the second phase of
Liberty Park renovations. Only positions considered essential to maintaining
service quality were approved in the initial budget. Included were three
firefighters, two telecommunicators and two sanitation positions.
As the year progressed, overall revenues remained strong. Property tax and
sales tax figures were favorable. Conservative preparation of the budget
allowed for mid-year adjustments to be made. Public Safety Bonds in the
amount of $26.5 million were issued in December to provide funds for the
construction of new Police Headquarters, Fire Station 6, the Fire Training
Center and Fleet Building Expansion. For more information on these, see pages 12 – 15. Ten additional positions were also added throughout
various departments to support the Town’s continued growth.
Budget Process
Budget Meetings between Department Heads, Finance, Town Manager
Annual Budget Request Submissions from Department Heads
Public Hearing and Discussion
5 – Year Capital Improvement Program Development
Annual Budget Adoption and Publication
Board of Commissioners Budget Workshop
Capital Development for Upcoming Fiscal Year
Manager’s Recommended Budget Presentation
Proposed Budget Available to the Public
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6 ::::: TOWN OF MOORESVILLE, NORTH CAROLINA
GENERAL GOVERNMENTAL RESULTS
A Statement of Activities
provides a summary of amounts
received (revenues) and amounts
spent (expenditures). The
difference between revenues and
expenditures shows the change
in the Town’s net position. FY
2020 includes a $25 million gain
due to the sale of MI Connection
Communications System.
Change in Net Position reflects a
restoration to consistent growth.
GENERAL GOVERNMENTAL RESULTS
The Statement of Net Position
provides a snapshot of what the
Town owns (assets) and owes
(liabilities). Net position represents
the Town’s investment in the assets
it uses in providing services to its
residents. The change in net position
is a useful indicator of whether the
Town’s financial position is improving
or weakening. During FY2021, the
Town’s net position increased by
$21.5 million.
STATEMENT OF
ACTIVITIES
FISCAL YEAR
2021
FISCAL YEAR
2020 CHANGE
Revenues $ 85,536,801 $ 107,838,253 $ (22,301,452)
(Expenses)$ (64,029,622)$ (69,135,668)$ 5,106,046
Change In Net Position $ 21,507,179 $ 38,702,585 $ (17,195,406)
STATEMENT OF NET POSITION FISCAL YEAR 2021 FISCAL YEAR 2020 CHANGE
Total Assets & Deferred Outflows $ 279,897,966 $ 212,688,317 $ 67,209,649
Total Liabilities &
Deferred Inflows $ 175,337,710 $ 130,677,644 $ 44,660,066
Beginning Net Position -$ 82,010,673 -
Restatement -+ 1,042,404 $ (1,042,404)
Ending Net Position $ 104,560,256 $ 83,053,077 $ 21,507,179
The governmental activities section of the Town’s financial statements
includes programs supported by taxes along with grants from federal and
state governments. Governmental revenues provide services including
General Administration, Public Safety (Police & Fire), Public Works (Streets &
Sanitation), Recreation and Cultural Services, and Economic Development.
Ad Valorem Taxes, or taxes on personal property, are generally the largest
source of revenue making up 61.05% of total revenues received for the
year. The General Fund is the Town’s primary operating fund, suppling
revenues to twenty-eight departments. The data on pages 7 represents the
combined financial results of the departments served by the General Fund.
2021 POPULAR FINANCIAL ANNUAL REPORT ::::: 7
Schedules of Revenues, Expenditures and Changes in Fund Balance
GENERAL FUND
Three Year Trends - General Fund
REVENUES FISCAL YEAR
2021
FISCAL YEAR
2020
FISCAL YEAR
2019
Ad Valorem $ 47,566,638 $ 44,177,961 $ 38,166,595
Other Taxes & Licenses $ 199,810 $ 167,096 $ 167,030
Unrestricted Intergovernmental $ 19,492,285 $ 17,014,707 $ 15,899,557
Restricted Intergovernmental $ 3,381,774 $ 2,459,236 $ 2,640,561
Permits and Fees $ 982,029 $ 1,005,298 $ 1,257,164
Sales and Services $ 4,750,657 $ 4,120,411 $ 4,340,094
Investment Earnings $ 32,326 $ 1,153,441 $ 1,738,438
Reimbursement from Joint Agency $ -$ 5,088,766 $ 7,867,152
Miscellaneous $ 1,067,460 $ 426,958 $ 509,497
Special Item*$ -$ 80,254,449 $ -
Transfer from Other Fund $ 446,190 $ 416,919 $ 467,158
$ 77,919,169 $ 156,285,242 $ 73,053,246
Three Year Trends - General Fund
EXPENDITURES FISCAL YEAR 2021 FISCAL YEAR 2020 FISCAL YEAR 2019
General Government $ 14,873,398 $ 23,275,412 $ 15,490,585
Public Safety $ 24,106,614 $ 22,879,962 $ 20,360,079
Transportation $ 3,661,751 $ 3,102,968 $ 2,727,620
Environmental Protection $ 2,311,709 $ 2,137,027 $ 2,064,018
Cultural and Recreation $ 10,815,563 $ 10,129,606 $ 9,827,784
Debt Service*$ 6,671,239 $ 70,708,316 $ 12,790,185
Transfer to Other Funds $ 2,276,187 $ 5,031,186 $ 2,705,958
$ 64,716,461 $ 137,264,477 $ 65,966,229
Net Change in Fund Balance $ 13,202,708 $ 19,020,765 $ 7,087,017
EXPENDITURES - FY2021
GENERAL GOVERNMENT 22.98%
PUBLIC SAFETY 37.25%
TRANSPORTATION 5.66%
ENVIRONMENTAL PROTECTION 3.57%
CULTURAL AND
RECREATION 16.71%
DEBT SERVICE 10.31%
TRANSFER TO OTHER
FUND 3.52%
REVENUES - FY2021
AD VALOREM 61.05%
OTHER TAXES AND LICENSES 0.26%
UNRESTRICTED INTERGOVERNMENTAL 25.02%
RESTRICTED INTERGOVERNMENTAL 4.33%
PERMITS AND FEES 1.26%
SALES AND SERVICES 6.10%
INVESTMENT EARNINGS 0.04%
MISCELLANEOUS 1.37%
TRANSFER FROM
OTHER FUND 0.57%
* Special Item: FY2020 - Proceeds from the sale of the MI Connection Communication System
*Debt service: FY2020 - Outstanding financing in the amount of $56.9 million was paid with proceeds from the
sale of MI Connection Communication System.
8 ::::: TOWN OF MOORESVILLE, NORTH CAROLINA
ENTERPRISE RESULTS
STATEMENT OF ACTIVITIES FISCAL YEAR 2021 FISCAL YEAR 2020 CHANGE
Revenues $ 34,024,327 $ 36,681,562 $ (2,657,235)
(Expenses)$ (33,593,377)$ (22,201,087)$ (11,392,290)
Change In Net Position $ 430,950 $ 14,480,475 $ (14,049,525)
STATEMENT OF NET POSITION FISCAL YEAR 2021 FISCAL YEAR 2020 CHANGE
Total Assets &
Deferred Outflows $ 217,969,237 $ 209,591,301 $ 8,377,936
Total Liabilities & Deferred Inflows $ 74,079,790 $ 66,235,685 $ 7,844,105
Beginning Net Position -$ 143,355,616 -
Restatement -+ 102,881 $ (102,881)
Ending Net Position $ 143,889,447 $ 143,458,497 $ 430,950
ENTERPRISE RESULTS
The Town operates its water and sewer system and stormwater activities in a
manner similar to a private business, or enterprise, where the costs of providing the
service is financed or recovered through user charges. The Utility Fund supplies the
financial needs of eight departments that provide water and sewer services.
While studying the three-year trends in the Enterprise Results, revenues and
expenditures appear to have increased dramatically. This is due to the issuing
of $23,053,000 of taxable Enterprise Systems Revenue Refunding Bonds. This
refunding of bonds achieved a net present value savings of $2,055,894. Also
contributing to the increase is a transfer to a capital project ordinance for the
Wiggins Road/Northside Pump Station (for more information on the project see
page 14). Revenues and Expenditures for the enterprise results are presented on a
non-GAAP basis.
2021 POPULAR FINANCIAL ANNUAL REPORT ::::: 9
ENTERPRISE FUNDS
Schedules of Revenues and Expenditures (NON-GAAP)
Three Year Trends - Enterprise Funds
EXPENDITURES FISCAL YEAR 2021 FISCAL YEAR 2020 FISCAL YEAR 2019
Water Service Administration $ 16,294,249 $ 7,764,228 $ 7,667,080
Water Treatment $ 3,028,987 $ 2,430,618 $ 2,457,317
Wastewater Treatment $ 3,572,888 $ 3,155,546 $ 3,056,741
Stormwater $ 780,781 $ 634,855 $ 447,175
Capital Outlay $ 2,549,859 $ 2,644,247 $ 2,430,003
Debt Service $ 5,716,656 $ 5,739,183 $ 6,685,351
Transfer to Other Funds $ 11,561,876 $ 7,703,326 $ 510,000
Other Financing Uses $ 29,749,534 $ 18,868,047 $ -
$ 73,254,830 $ 48,940,050 $ 23,253,667
Three Year Trends - Enterprise Funds
REVENUES FISCAL YEAR 2021 FISCAL YEAR 2020 FISCAL YEAR 2019
Operating Revenues $ 27,783,634 $ 28,941,705 $ 25,997,723
Non Operating Revenues $ 87,774 $ 101,223 $ 30,327
Other Financing Sources $ 29,904,522 $ 16,159,262 $ -
Transfer from Other Fund $ 8,859,683 $ -$ -
Interest Income $ 5,523 $ 72,979 $ 119,998
$ 66,641,136 $ 45,275,169 $ 26,148,048
WATER SERVICE
ADMINISTRATION 22.24%
WATER TREATMENT 4.17%
WASTEWATER TREATMENT 4.14%
STORMWATER 1.07%
CAPITAL OUTLAY 3.48%
DEBT SERVICE 7.80%
TRANSFER TO OTHER
FUND 15.78%
OTHER FINANCING USES 40.61%
OPERATING REVENUES 41.69%
NON-OPERATING REVENUES 0.13%
OTHER FINANCING SOURCES 44.87%
TRANSFER FROM OTHER
FUND 13.30%
INTEREST INCOME 0.01%
* FY2021 Revenue and Expenditure details are located in Schedules 7 and 10 of Town of Mooresville ACFR.
EXPENDITURES - FY2021
REVENUES - FY2021
10 ::::: TOWN OF MOORESVILLE, NORTH CAROLINA
MANAGING DEBT
FUND BALANCE
Fund balance is perhaps the simplest
indicator of a healthy financial system. Fund
balance can be thought of as the Town’s
savings account. Maintaining an adequate
fund balance allows the Town to continue
functioning at normal service levels during
the period of the year before tax revenues
are received and provides a financial
“safety net” in the event of emergencies.
Fund balance is a major factor considered
by bond rating agencies when evaluating a
municipality’s credit worthiness.
Fund Balance 2021 2020
Unassigned Fund Balance $ 56,128,087 $ 41,199,937
Subsequent Year Budgeted
Expenditures and Transfers $ 78,690,973 $ 70,843,518
Fund Balance as a Percentage of Expenditures and Transfers 71.33% 58.16%
MANAGING DEBT
Issuing debt has several benefits for a municipality. Debt allows the Town to construct
and utilize building, road and utility projects that could not otherwise be funded through
existing cash resources. It also allows equity in payments among users. Those who
benefit most from the construction of these assets will help to finance that construction in
future years. The Town utilizes only credit instruments approved by the Local Government
Commission. Mooresville’s General Governmental Debt of $70.22 million is well below
the limit set by North Carolina state statute. This debt is used to support projects such as
new facilities, renovation of existing facilities, street improvements and more.
Enterprise-type debt, for the Town’s water and sewer systems, totals $44.59 million. This
debt supports the building of new facilities for our water and sewer operations, and
continuing capital infrastructure needs. Debt from the enterprise fund is repaid from
business-related charges for service, not from taxes or general government revenues.
* Fund Balance Detail located in Exhibit 3 of Town of Mooresville ACFR.
2021 POPULAR FINANCIAL ANNUAL REPORT ::::: 11
BOND RATING
BOND RATING
The bond rating for a municipality can
best be understood by comparing it to
a personal credit rating. Both ratings
assess one’s ability to pay back funds
borrowed from investors. The Town is
currently rated Aa1 by Moody’s and AA+
by S&P Global Ratings. As part of the
Town’s 2020 Limited Obligation Bonds
(LOB’s) issuance, Moody’s upgraded
the Town’s General Obligation Bond
credit rating from Aa2 to Aa1 and
assigned a Aa2 rating to the LOBs. S&P
Global ratings affirmed the Town’s AA+
General Obligation Bond credit rating in
conjunction with the 2020 LOBs issuance
and assigned an AA rating to the LOBs.
HONORING A TOWN HERO
On June 5, 2021, the Town opened the Officer
Jordan H. Sheldon Memorial Dog Park, located
within Cornelius Road Park. Officer Sheldon, killed in
the line of duty May 4, 2019, served as a member of
the Mooresville Police Honor Guard, on the Special
Response Team, and alongside his favorite K9
Officers, Loki and Ramon. The park constructed in
his honor features an abundant, fenced green space
for K9’s to run, water stations, public seating and
a K9 agility course. While the groundbreaking was
held virtually due to the pandemic, the Town was
fortunate to come together at the Grand Opening,
featured in the photo on page 10, to remember and
honor a fine officer and his appreciation for his four-
legged co-workers.
12 ::::: TOWN OF MOORESVILLE, NORTH CAROLINA
CONSTRUCTING OUR FUTURE
Fire Training Center
The current Fire Training facilities provide many fire suppression and
rescue training opportunities and the new adjacent 13,800 square foot
facility will expand those opportunities, reducing the need for travel
between facilities. The facility under construction includes five bays for
fire apparatus storage, classroom space for study and guest speakers,
and a locker room with a decontamination area. These additions
will provide Mooresville firefighters ample room for storage, indoor
classroom training and a much needed reduction in risk of carcinogenic
exposure after live burn training. This $2.8 million addition is scheduled
for completion in January 2022. See picture inset on page 13.
CONSTRUCTING OUR FUTURE - CAPITAL INVESTMENTS
Rapid growth in Mooresville has precipitated the need for additional facilities in
several service areas, most notably, Public Safety. At the onset of the budget year,
in recognition of pandemic conditions, plans for new construction projects were
paused. Construction in process cautiously continued.
Throughout the first quarter, revenues remained optimistic. In the second quarter,
financial conditions were re-evaluated. Consistently rising revenues produced
financially stable conditions, similar to those experienced before the pandemic. In
this atmosphere of financial security, the Town was able to issue $26.5 million in
Public Safety Bonds for the construction of Fire Station 6, the Fire Training Center,
the completion of the Fleet Building Expansion and new Police Headquarters Facility.
2021 POPULAR FINANCIAL ANNUAL REPORT ::::: 13
CAPITAL INVESTMENTS
Fire Station 6
Currently under construction, Fire Station
6 will provide 17,000 square feet of space
to house fire apparatus and provide living
space for firefighters. The station was
designed with abundant natural light, a
commercial kitchen, decontamination
areas, and recreation spaces. The station’s
location at the edge of Mooresville
Business Park East, was strategically
chosen to maintain emergency response
time at under five minutes from dispatch
to arrival. The projected cost of the station
is $4.9 million.
Fleet Building Expansion
Completed just after the close of the 2021 fiscal
year, the 3,300 square foot expansion of the Fleet
Building’s heavy equipment bay allows for service
of the Town’s largest fleet vehicles. This expansion
means multiple fire trucks, sanitation trucks or
street sweepers can be serviced or maintained
while being protected from the elements. Vehicles
can then return more quickly and efficiently to
serve the Town’s residents. The construction of a
dedicated small engine bay speeds the process
of repair and maintenance to Town equipment
such as weed eaters and riding mowers used to
maintain and landscape the grounds throughout
the Town’s facilities and parks.
14 ::::: TOWN OF MOORESVILLE, NORTH CAROLINA
CAPITAL INVESTMENTS
Police Headquarters
Since construction of the Town’s
current Police Headquarters in 2004,
the population of Mooresville has
skyrocketed from 20,000 to more
than 50,000 residents. With a capital
investment of $20 million, Mooresville’s
new Police Headquarters will provide
50,000 square feet of space to the
public and law enforcement personnel.
Designed with more office space,
abundant parking and appealing green
space, the facility will accommodate
growth of the department well into
the future. The headquarters will also
include a fitness facility for personnel,
a community gathering room and a
real-time crime center which continually
updates everyone from officers to
detectives on current events. The more
central location at the corner of West
Wilson Avenue and Charlotte Highway
will provide convenient and efficient
access to the expanding Town of
Mooresville, improving rapid response
time and increasing public safety.
Wiggins Road Pump Station and Pipelines
New sewer facilities along Back Creek will provide sewer
service to the Town’s north service area. A new regional
pump station with a rated capacity of 3,500 gallons per
minute at full build out is currently under construction.
It will be supported by new pipelines being constructed
in two phases. Phase I of the project will be completed
in FY2022 and includes 8,600 feet of 24-inch force
main which connects to the Town’s existing Northside
Pump Station. Phase II of the pipeline project includes
an additional 12,500 feet of the 24-inch force main and
9,635 feet of gravity sewer.
2021 POPULAR FINANCIAL ANNUAL REPORT ::::: 15
CAPITAL INVESTMENTS
Street projects
In 2014, Mooresville voters approved a street bond
referendum authorizing a $20 million dollar investment in
Town streets and sidewalks. Eight street projects funded
or partially funded by those bonds have been completed.
Four additional projects funded by bonds are scheduled
to be completed in the near future. The Town has also
been awarded two large grants for street construction by
the federal government. The Better Utilizing Investments
to Leverage Development (BUILD) Grant in the amount of
$13.6 million is funding Phase I of the East-West Connector
Project linking NC Highway 115 and Interstate 77 at Exit
31 (Langtree Road). This project will provide connectivity
for major employers in the area and accommodate future
growth. The $4.45 million Consolidated Rail Infrastructure
and Safety Improvements (CRISI) Grant will fund the
construction of a two-lane bridge and new two-lane road
at the intersection of Mazeppa Road/Connector Road and
Highway 115. This will eliminate the at-grade rail crossing,
reduce traffic congestion, and decrease emergency
response time in the area.
Liberty Park
Liberty Park, located in the heart of Downtown
Mooresville, has undergone a transformation featuring
a Veteran’s Promenade and art installation, alongside
a stunning open air band shell with performance
area and a new entrance from Church Street, (see
cover photo). Liberty Park Phase II construction will
continue the successful transformation of this popular
Downtown park. Planned elements will include an
inclusive playground, interactive fountain for water
play, a covered basketball court, picnic shelter/
restroom, pedestrian bridges and much more. The
park serves as a vital community connector and is
seen as the catalyst for the downtown development
boom that Mooresville is now experiencing.
CONSTRUCTING OUR FUTURE
413 North Main Street | Mooresville, NC 28115 | (704) 663-3800 | www.MooresvilleNC.gov413 North Main Street | Mooresville, NC 28115 | (704) 663-3800 | www.MooresvilleNC.gov
Photo Credits:Photo Credits:
Cotton KetchieCotton Ketchie
Town of MooresvilleTown of Mooresville
Willis EngineeringWillis Engineering