WFP and St. Francisville in the News
James Minton reports in the Nov. 18th edition The Advocate that the police jury is considering two petitions from developers asking them to create special community development districts ("CDD"). The police jury accepted a petition asking it to create the Woodhaven district at its Nov. 8 meeting and the petition for the Bluffs Community Development District on Nov. 13. The Legislature authorized the special districts in 2001. A CDD can borrow development funds by issuing tax-free bonds that would later be repaid through assessments collected from the development's site buyers. These funds can only be spent on public infrastructure.
Public hearings on the proposals will be held at 5 p.m. Dec. 18.Read more
The Business Staff for the November 16th edition of Advocate reports that Tembec hopes to find a new operator by 2008 for a St. Francisville area paper mill that ceased production in July. No firm deal has been identified, though Tembec has hired Finnish consultant Jaakko Poyry to do a global search for prospects. Read more
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