STARKVILLE, Miss. (WTVA ) - As the city of Starkville continues to grow, the city finds itself in a tough position on how to best handle that growth.
Aldermen voted 4 to 2 this week to clear the way for borrowing millions of dollars for a future industrial economic development project.
"This is a carrot to dangle in front of a potential industry that may want to relocate in Starkville, but no money has been released," said Ward Four Alderman Jason Walker.
So, city leaders have voted to authorize a $5,000,000 general obligation bond.
In the event a new economic project presents itself over the next two years.
Supporters of the bond say it gives the city the green light to capitalize quickly.
"There is no project presented to us, so once the LINK is successful in recruiting a potential company to come here or industry to come here, then that will come back before the board," adds Walker. "If it's a good project, then we can vote again to authorize the release of that money."
Those alderman that voted in favor of this resolution say a key reason they did so was because they say they feel it gives the city the best opportunity to be in a proactive position instead of being in a reactive position.
"We hope this resolution will show potential industry out there that we are ready to play and we are ready to invite them to come be a part of Starkville and our city," said Ward Five Alderman Scott Maynard.
But two board members voted no, including Alderman Roy A. Perkins.
He says the bond issue contains language that could lead to a tax increase.
"The city of Starkville has a lot of financial matters before it now," adds Perkins, who is the city's vice mayor. "We are very tight for finances, and the money is short."
Perkins goes on to add he supports economic development but can't support a tax increase of any kind because he feels taxpayers are already burdened enough.