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Outer Banks Real Estate|Town Of Kill Devil Hills & Beach Nourishment

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Real Estate Broker/Owner with OBX Realty Group NC#223529

It looks like after the success of the beach nourishment project in Nags Head the rest of the town along the Outer Banks are jumping on the bandwagon. The Town of Kill Devil Hills has approved their beach nourishment project and the town of Duck as already concluded its nourishement study and should announce plans to start its project soon. Dare County is finally going to start a project in the much needed areas of Rodanthe and Buxton. Check out the article from the Outer Banks Voice on the Kill Devil Hills project.

Beach nourishment is a go in Kill Devil Hills

 

| May 17, 2013

 

Beach nourishment in Nags Head. (Rob Morris)

Beach nourishment in Nags Head. (Rob Morris)

Kill Devil Hills plans to move ahead with a $20 million beach widening project and ask Dare County commissioners to approve a 1-percent increase in the occupancy tax to help pay for it.

Monday night, the town’s Board of Commissioners rejected the idea of an unpredictable federal reimbursement program and opted to pursue the project on their own.

 

Commissioner Brandi Rheubottom voted against spending money on beach nourishment now because she said too many town residents are struggling with higher taxes, insurances rates and prices in a weak economy.

 

But her three colleagues argued that the alternative was to do nothing, which they said would cause more damage to property values and eventually mean even higher taxes for everyone.

 

“I think in the long run if we did nothing it would hurt more people overall,” said Commissioner Mike Hogan.

 

Commissioners pointed to Kitty Hawk’s loss of oceanfront houses — and property value — to erosion. By comparison, they saw Nags Head’s 10-mile nourishment project, which was finished in 2011, as a template for their own.

 

In a presentation late last month, Commissioner Bill Pitt outlined a plan to widen about 12,000 feet of beach on the northern end of town with tapering into southern Kitty Hawk by using 910,000 to 1.7 million cubic yards of sand pumped from offshore borrow areas.

 

The project would use $10 million from Dare County’s Beach Nourishment Fund, which is made up of a portion of occupancy tax collections, and borrow $10 million in the form of a five-year general obligation bond, according to the presentation.

 

To avoid a referendum, the town would have to pledge its share of occupancy tax revenue as collateral.

 

Adding another 1 percent to the county occupancy tax would generate half of the $2.1 million annual debt payment.

 

The other half would come from a town-wide tax of 3 cents per $100 of value and an additional municipal service district tax of 32.09 cents. The municipal service district would be the northern beachfront area where sand would be placed.

 

Commissioners voted unanimously to ask the Dare County Board of Commissioners to begin collecting the 1 percent additional occupancy tax that was authorized by the General Assembly in 2010 for beach nourishment. It was meant to help finance Nags Head’s project, but county commissioners found it was not necessary.

 

Now, several projects are in the pipeline, and there may not be enough money to go around. Duck wants to pump sand onto about 2 miles of beach, and the county has hired an engineering firm to design a project for Rodanthe and Buxton.

 

Kitty Hawk is also looking at ways to mitigate flooding and erosion.

 

Check out the rest of the article at The Outer Banks Voice. Also see the Town of Kill Devil Hills Power Point

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About the author of this blog:

Matt Huband is Broker/Owner of 
OBX Realty Group in Southern Shores, NC. For 13 years Matt has worked with buyers and sellers from Corolla to Hatteras who are interested in 2nd home, investment property, new construction,  foreclosures, short sales, and condo's.  Matt has been helping his clients realize their dream of owning an Outer Banks beach house. Put Matt's extensive area knowledge to work for you. Contact Matt today to get started on finding your new beach house.

To learn more about Outer Banks real estate go to www.obxrealtygroup.com or email obxrealtors@gmail.com

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