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Council votes on power contract, bond reissue
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In addition to passing first reading of an ordinance authorizing an up to $4 million bond to renovate Rhame Arena and contribute to the construction of a community building at an expanded Central Carolina Technical College campus, Camden City Council took up several other matters at its Nov. 11 meeting. Two of those items should end up saving the city of Camden hundreds of thousands of dollars: a renegotiated wholesale power contract with Duke Energy Progress (DEP) and the reissue of a 2010 public utility bond. On the DEP contract, City Manager Mel Pearson reminded council that, in 2012 and 2013, the city negotiated a new seven-year contract that began in January.