Highlands Residential Services ready to begin construction of Cookeville’s new Hickory Valley development.
Director of Operations Chris Cassetty said the board will discuss a resolution at a special call meeting Friday.
“There are some very specific legal resolutions, wording that has to be passed for the tax credit syndication and getting that deal closed out,” Cassetty said. “To pay for Hickory Valley. It’s really that simple.”
Cassetty said the practice is mostly to make sure everything is in order legally before construction begins.
Cassetty said they have tentatively scheduled the close for August 30th. He said that once the resolution passes, they’re hoping construction can start as soon as the first of September, with walls going up shortly thereafter.
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