Loading...
HomeMy WebLinkAboutC.054.93008_1186 (2)739 FUTURE MEETINGS: Chairman Hedrick announced the agenda briefing to be held on Monday, February F 2, 1987, 12:00 Noon, County Annex Building; the meeting with Iredell County Schools on Monday evening, February 2, 1987, 7:30 p.m., Agricultural Center; and regular meeting on Tuesday, February 3, 1987, 7:30 p.m., Agricultural Center Conference Rooms 1 and 2. ADJOURN: Chairman Hedrick adourned the meeting at 10:00 p.m. erk APPROVED: IREDELL COUNTY BOARD OF COMMISSIONERS MINUTES FEBRUARY 2, 1987 The Iredell County Board of Commissioners met in Adjourned Regular Session on Monday, February 2, 1987, 7:30 p.m., Agricultural Center Conference Rooms 1 and 2, Statesville, NC. Present for the meeting were: Larry S. Hedrick, Chairman Alice M. Stewart, Vice Chairman Jessie S. Crosswhite Frances L. Murdock I JP Samuel L. Ostwalt Staff present: J. Wayne Deal, County Manager William P. Pope, County Attorney Alice Fortner, Clerk to the Board F. William Furches, Jr., Finance Officer Others present: Members of the Iredell County School Board and Superintendents CALL TO ORDER: By Chairman Hedrick INVOCATION: Silent Prayer in Memory of William R. Whittenton, Jr., Former City of Statesville Attorney, who died on January 28, 1987. Chairman Hedrick recognized members of the school board, Superintendent Williams, and assistant superintendents. Mrs. Dorothy Reep, chairman of the school board, spoke briefly and turned the discussion over to Superintendent Williams. Dr. Williams said his board came in a spirit of cooperation and spoke briefly about the goals of the school board and staff. He raised questions such as: (1) Is there a neod to improve facilities? (2) How do you pay for it? Property tax? Sales tax? He then recognized Dr. Ivey, who is responsible for the school auxiliary services. Dr. Ivey discussed at length the Capital Outlay Needs and estimated costs as laid out in their Phase I and Phase II as presented to the county commissioners. The total cost of `.he entire project is $25,488,000. In discussing the building of a new South Iredell High School, which was listed at $8 million, Chairman Hedrick said he believed that it would be more like $10 to $12 million rather than $8 million. The question was raised by the school board of how much a school bond indebtedness would be incurred if the schools used the sales tax funds that are allocated to the school system to repay the bond. A question was raised by Commissioner Stewart if the school board intended to fund all the items included on the list presented, which totaled $25,480,000, in the bond issue. Certain items such as buses, roof repairs, etc., which are short -life items, would not be practical on a bond issue, Commissioner Stewart said. Dr. Williams asked if there was no bond, how should the Mt. Mourne, Troutman and East Elementary School situations be addressed. He said that he believed the success of a bond referen- dum would depend on the support of the county commissioners. Chairman Hedrick said he believed the school at Troutman, sewer at Mt. Mourne, and East Elemen- tary wing were needed. He also addressed the most recent policy of funding special capital on a per capita basis for all three school systems. Dr. Williams inquired if they were capable of repaying $300,000 to $350,000 annually, how much money could they borrow over a 20 -year period and repay without an ad valorem increase. After further discussion, Chairman Hedrick said this would be approximately a 19 million bond for the Iredell County Schools and $14 million overall. Dr. Williams inquired how much It on the ad valorem tax base brought in. It was stated that one penny on the ad valorem tax rate would yield $275,000 in revenues.