HomeMy WebLinkAboutC.054.93010_0786 (2)REQUEST FOR APPROVAL OF A RESOLUTION AUTHORIZING
SUSAN BLUMENSTEIN TO FILE AN APPLICATION WITH THE LOCAL.
GOVERNMENT COMMISSION FOR THE IREDELL COUNTY
GOVERNMENT CENTER -SOUTH (ICGC-S) FINANCING: Blumenstein said a
resolution was required by the Local Government Commission for the ICGC-S financing.
She said the resolution would include the promissory note of $1,900,000, used to
purchase the former hospital building (this will be refinanced), plus additional funds of
$1,610,000 to renovate the facility for courts and office space, and the possible
renovation of an additional floor at a cost of $923,200, if a leasee is found.
REQUEST FOR APPROVAL OF A FINANCING PROPOSAL FROM THE
BANK OF AMERICA FOR THE IREDELL COUNTY GOVERNMENT
CENTER -SOUTH (ICGC-S) PROJECT: Mrs. Blumenstein said two options were
presented to area banking institutions regarding the ICGC-S financing. She said the
lowest interest rate, for a fixed-rate financing, was from the Bank of America at:
RATE PREPAYMENT PENALTY BANK FEES RATE COMMITMENT
Option A 4.59% 15 -yr. fixed 3% Years 1-5 $7,500 Est. to August 30, 2002
Option B 4.49% 10 -yr. fixed 2% Years6-10
1% Years l l-15
Option A = $3,510,000 for refinancing purchase of bldg.+ renovations 15 -yr.
Option B = $923,200 for renovations on property to be leased 10 -yr.
CALL FOR A PUBLIC HEARING ON JULY 2, 2002 REGARDING THE
IREDELL COUNTY GOVERNMENT CENTER -SOUTH (ICGC-S) FINANCING:
Blumenstein said a public hearing on July 2 had been requested regarding the ICGC-S
financing.
REQUEST FOR APPROVAL OF AN INDIRECT COST ALLOCATION
PLAN/AGREEMENT WITH MAXIMUS, INC., FOR FISCAL YEAR ENDING
JUNE 30, 2002, FISCAL YEAR ENDING JUNE 30, 2003, AND FISCAL YEAR
ENDING JUNE 30, 2004 & AUTHORIZATION FOR THE COUNTY MANAGER
TO SIGN THE AGREEMENT: Blumenstein said this three-year agreement would
permit MAXIMUS, Inc., to prepare annual reports necessary to receive state and federal
grant reimbursements for indirect costs associated with the social services department,
along with Medicaid reports for EMS and the health department. Mrs. Blumenstein said
the total cost was $28,200, or $9,400 each year.
REQUEST FOR APPROVAL TO APPLY FOR AN E -COMMUNITIES
PUBLIC ACCESS GRANT IN THE AMOUNT OF $12,000: The county manager
said a $12,000 grant was available from the state, and the money would be used to
purchase computers for Statesville and Mooresville.
Commissioner Williams said he thought the E -communities initiative was
supposed to aid rural areas.
Mashburn said Statesville and Mooresville also qualified for the grant funds.
ADJOURNMENT: Chairman Tice at 6:50 p.m., adjourned the briefing session.
Approved:, w 1 b. Xoe 3 ?2��!�Clek
ems(_ C H Cl ) to the Board