Photo via Town of Cave Creek
By Jeff Wendt | Cave Creek Independent
The Cave Creek Town Council voted unanimously March 31 in a special meeting to initiate the purchase of 4,005 acres of open space land within the town’s boundaries.
The town also approved a financing mechanism in which Cave Creek would secure $10.42 million in revenue bonds with a 25-year amortization.
“This has been a long time coming as (Development Services Director) Luke (Kautzman) said, 20 years or more,” said Council Member Joe Freedman in making the motion to initiate the purchase. “It was thought about even probably way before then. There’s been a lot of hard work, a lot of folks in the audience have done, a lot of folks preceding them before.
“It’s been going on for a long time,” Freedman added. “We finally got it up to the plate. This council right here has performed incredibly, our staff, everybody. I mean, this is a win-win for the entire community, period. End of story.”
