HomeMy WebLinkAboutC.054.93010_0035 (2)Pressly said this was correct.
Commissioner Bowles asked if the graves had actually been found or if they were just
suspected.
Pressly said they were just suspected. He said that archaeologists from Wake Forest
University had looked at the site and said there were certain characteristics of a burial ground.
There were small stones in the area, and there were other clues. Pressly said that in Judeo-
Christian burials of the 181h and 19ih centuries, people were buried in a symmetrical east -west axis
(head of the body towards the west). He said a probe would be used to locate burial pits.
MOTION by Commissioner Johnson to grant Mr. Pressly's request to disinter, move, and
reinter graves located in an abandoned burial ground and to designate Health Director Ray Rabe as
the health official to supervise the procedure.
VOTING: Ayes - 5; Nays - 0.
DR. JULIA WILLIAMS, IREDELL-STATESVILLE SCHOOL SYSTEM, IN
REFERENCE TO A REQUEST FOR THE ADVANCEMENT OF FUNDS FOR LAKE
NORMAN HIGH SCHOOL UNTIL TIME OF CERTIFICATES OF DEPOSIT (COPS)
DEBT ISSUE: Dr. Williams said the school system was requesting to access funds in the amount
of $3,283,711 for Lake Norman High School. Williams said the money would be accessed, only
as needed, between now and the bond issue time. Dr. Williams said the system was in the process
of accepting bids for the site package, and this work was anticipated to be completed by summer.
Construction on the building would then be started and would be well underway by fall.
Commissioner Stewart asked how much of the $3.2 million would be needed for the site
preparation work.
Williams said the bid on the site package was close to $1 million. She said that close to a
half a million had been spent, thus far, and another $200-$400 would be paid between now and
summer. She said about $2 million would be spent, altogether, between now and summer.
Commissioner Stewart asked County Finance Director Blumenstein when the bonds would
be ready.
Blumenstein said the school building construction bids would be received on June 6. After
this, the application will becompleted for the Local Government Commission. Blumenstein said
the marketing of the bonds would be the second week of July. She said bond closure would be
around the first week of August. The money will then be available.
Stewart asked if the $3.2 million was in investments.
Blumenstein said it was invested. She said the $3.2 million was approved in the current
year's budget in the 4.5 cent tax that was added for school capital last spring. Mrs. Blumenstein
said, at that time, it was unknown how soon the Certificates of Participation would be issued and
how much debt service would be incurred. She said the money was built into the school budget.
Blumenstein said the money was included in the central depository which had an average yield of
about 6.10. She said therewere staggered investments, and about $15 million was in the N.C.
Capital Management Trust. She said specific appropriations were not invested - - it was done on a
pooled method.
Stewart asked the county's shortest term for investments.
Blumenstein said that with the N.C. Capital Management Trust, the money was available
the same day. She said the county also had multiple certificates of deposit, commercial paper,
federal farm credits, and a variety of other instruments. However, the Trust was the most liquid
investment.