This news item expired on Tuesday, February 28, 2023 so the information below could be outdated or incorrect.
Buncombe County voters approved two bonds in the Nov. 8 general election for open space and housing. The bonds will generate $30 million and $40 million respectively. With an eye toward oversight and transparency, the Buncombe County Board of Commissioners approved a resolution at its Aug. 16 regular meeting establishing a general obligation bonds community oversight committee to monitor the investment of those bond dollars.
The Community Oversight Committee will review the investments made from the bond revenues to confirm that 100% of bond funds are invested in accordance with law and for the purposes indicated on the ballots. Committee members will serve until all bond funds have been committed.
The application process for the Community Oversight Committee is now open.
Community Oversight Committee Description: The Committee shall have five members comprised of one person with an accounting background, one person with a banking background, one representative of the affordable housing community, one representative from the conservation/greenways community, each to be appointed by the Buncombe County Board of Commissioners, and one member to be appointed by the Asheville Area Chamber of Commerce. The Committee members will serve until all bond funds have been committed.
Term Length: Until all bond funds have been committed.
Number of Terms: TBD
Meeting Dates: TBD
Meeting Time: TBD
Meeting Location: TBD