Non-profit looking to buy Bermuda Village
Published 9:04 am Thursday, May 2, 2019
County commissioners put on hold last month a request that would lead to Bermuda Village being sold to a non-profit group.
Much of commissioners’ concerns dealt with the fact the issue came to the county instead of the town of Bermuda Run, and the haste at which it came before the board.
“I feel fairly strongly the town of Bermuda Run and the board of Bermuda Run needs to make a decision on this, not just us,” said Commissioner James Blakley. “I don’t feel comfortable with this.”
“We were just made aware of this,” said Commissioner Mark Jones. “It seems proper protocol the town of Bermuda Run should address it before we – or even if we – take this on.”
The board voted unanimously to table the issue.
Jeff Poley, an attorney for Montage Living, a non-profit working to buy Bermuda Village, said to qualify for tax-exempt bonds to help pay for the purchase, a board with authority over the area needs to give approval. Montage Living officials had requested the issue go to the county.
At least 20 percent of the units at the village would have to be for residents who make less than 50 percent of the median income for the area.
If owned by a non-profit, property taxes would likely be affected, Poley said. County Manager John Eller said that Bermuda Run had only been notified of the plans the day of the county meeting.
The board instructed Eller to get in touch with Bermuda Run officials and convey concerns to Montage.
The project is separate from a senior living project across NC 801 behind Bermuda Commons.