In an Oct. 29 meeting of approximately 100 Hilton Head Plantation residents, officials announced they were “confident” they could pay for a proposed $2.2 million of the Spring Lake Pool without having to raise assessments.
“The board prefers to finance the project without an increase in property owners’ annual assessments,” board president Lois Wilkinson said.
According to the plantation’s board of directors, it’s most likely the plantation will self-borrow money to pay for the renovations and then pay the amount back, over time, using revenue from a .25 percent charge added to each real estate transaction.
Some of the proposed renovations for the 1980s-era pool include a shallow-sloped entry area for families, a splash pad, lap lanes, a boardwalk that would function as a fishing area, connecting the Spring Lake Pavilion with the leisure path that runs from Seabrook Drive to the Plantation House.
These renovations and several others were surmised from a collection of drawings from local architecture firm, Wood and Partners, according to a Hilton Head Plantation press release.
Housing and neighborhood representatives are scheduled to meet Dec. 3 to decide whether to go further with the renovation project.
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