TEGA CAY — It’s possible that 2012 was the busiest year in all of Tega Cay’s 30 years as a city, and Mayor George Sheppard presided over it all.
In 2012, Sheppard and the city council helped the city reach a milestone it hadn’t managed in two years – the city didn’t have to seek a Tax Anticipation Note. Avoiding seeking a TAN, a low-interest loan that allows state and local governments to borrow money to be repaid by future tax revenue, saved taxpayers between $4,000 and $6,000 in interest.
But if saving money in taxes isn’t exciting enough for you, maybe increasing the tax base is. In 2012 Sheppard announced that Tega Cay was welcoming Wellmore, a 130,000-square-foot, $30 million assisted living community to be built in the Stonecrest development.
But, wait, there’s more!
Sheppard oversaw the sale of Tega Cay’s former City Hall and marina in 2012 and the purchase of the former First Properties building, which has been transformed into Tega Cay’s new City Hall near the city’s entrance. In May, the city annexed property for a new elementary school near the entrance to Shoreline Property.
With such a busy and prosperous 2012, we can’t wait to see what 2013 brings.