HomeMy WebLinkAboutC.054.93010_0570 (2)WHEREAS, said Section 160A-20 requires that, before entering into an
installment financing agreement involving real property, the County shall hold a public
hearing on such agreement; now, therefore,
BE IT RESOLVED by the Board of Commissioners for the County of Iredell:
Section 1. A public hearing with respect to the Agreement is hereby directed to
be held on Tuesday, October 16, 2001, at 7:00 P.M., in the Commissioners' Meeting
Room, at the Iredell County Government Center, in Statesville, North Carolina.
Section 2. The Clerk to the Board of Commissioners is hereby directed to publish
notice of said public hearing, in substantially the following form, once at least ten (10)
days prior to the date of the public hearing as required by Section 160A -20(g) of the
General Statutes of North Carolina:
NOTICE OF PUBLIC HEARING BY THE BOARD OF COMMISSIONERS FOR THE
COUNTY OF IREDELL, NORTH CAROLINA CONCERNING THE FINANCING OF
A FORMER HOSPITAL FACILITY PURSUANT TO AN INSTALLMENT
FINANCING AGREEMENT
NOTICE IS HEREBY GIVEN to all interested persons that the Board of
Commissioners for the County of Iredell, North Carolina (the "County") is considering
the financing of the purchase and renovation of an existing building for use as a
government services building pursuant to an Installment Financing Agreement (the
"Agreement"). It is expected that the County will enter into a direct placement financing
in an aggregate principal amount not to exceed $3,400,000 for the purpose of the
financing described above.
NOTICE IS HEREBY FURTHER GIVEN that the Board of Commissioners will
hold a public hearing in the Commissioners' Meeting Room at the Iredell County
Government Center in Statesville, North Carolina, on October 16, 2001, at 7:00 P.M., or
an adjournment thereof, at which time any person may be heard regarding the proposed
Agreement.
Commissioner Johnson said he still had concerns about the financing; however,
he did not want to prohibit the public from being allowed to speak in reference to the
matter.
OTIO by Commissioner Ray to approve the resolution calling for a public
hearing on Tuesday, October 16, 2001, at 7:00 p.m., regarding the installment financing
agreement for the former Lowrance Hospital facility.
VOTING: Ayes - 5; Nays - 0.
(Note: During the briefing session, Finance Director Susan Blumenstein
recommended that the county not engage in refinancing the terns bond for the 1992
Certificates of Participation at this time. She said the county would realize a savings of
$102,000 if the refinancing occurred; however, a penalty of $140,000 would be imposed.
Mrs. Blumenstein recommended for the board to wait another year and then review the
matter.)
Request for Approval of a Resolution Requesting the Iredell-Statesville
School System to Refrain from Any Further Administrative Salary Increases
Until Programs Have Been Restored and Accounting Procedures Have Been
Implemented: Commissioner Johnson stated that an employee of the school system had
expressed concerns about her salary. Johnson said the employee had suffered a $440
salary cut due to the school system's budgetary cut backs. The employee said her job
duties had not been changed, and that others had suffered the same fate. Mr. Johnson
said that at a past meeting, the school system officials could not give any guarantees
against further cuts. He said the board of education, however, still uncertain about
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