HomeMy WebLinkAboutC.054.93010_0929 (2)IREDELL, COUNTY BOARD OF COMMISSIONERS
BRIEFING MINUTES
OCTOBFR 15,_2002
The Iredell County Board of Commissioners met in Briefing Session on Tuesday,
October 15, 2002, at 5:00 p.m., in the Iredell County Government Center, 200 South
Center Street, Statesville, NC.
Present: Chairman Sara Haire 'rice
Vice Chairman Karen B. Ray
Tommy E. Bowles
Steve D. Johnson
R. Godfrey Williams
staffL Present: County Manager Joel Mashburn, Finance Director Susan
Blumenstein, Social Services Director Don Wall, Income Maintenance Administrator
Lynn Deal, Social Work Supervisor Linda Bledsoe, Transportation Director Ben
Garrison, County Assessor Brent Weisner, and Clerk to the Board Jean Moore.
CALL 7'O ORDER by Chairman Tice.
REQUEST FROM THE SHEPHERD'S VOLUNTEER FIRE
DEPARTMENT (VFD) TO EITHER DRAWDOWN FUND BALANCE OR TO BE
GIVEN PERMISSION TO BORROW ADDITIONAL FUNDS FOR THE
COMPLETION OF A NEW BUILDING: Representing the Shepherds VFD were Don
McClain, Jamie Barrier, Kelly Robinson, and Tim Conley. Mr. McClain said the new
building's electrical installation expenses were mistakenly omitted from the previous cost
estimates. He presented a letter that included the following updated line item costs.
P.S. West General Contractor
$1,181,450.00
Change Orders for P.S. West
48,705.00
Overcash Electric
72,845.00
Estimated Change Orders with P.S. West
25,000.00
Cabinets, radio system, phone system,
computer system, fire alarm system,
sign, flagpole, fencing & landscaping
148,000.00
Furniture and appliances
107,000.00
Total Cost $1}583}00040
(Note: On May 24, 2001, the new building was estimated to cost $1.2 million. The VFD, at that
time, also discussed the purchase of a new truck costing $300,000.)
McClain said the VFD needed $500,000 to complete the building. He said the
VFD's lender (Public Capital Corporation in New Hampshire) was willing to maintain
the same interest rate of 5.23 and add $500,000 to the department's note, which would
raise the payments to $60,110.24 without adjusting the term. McClain said the loan
could also be extended to 15 years, and this would lower the payments to $44,316.56 per
quarter. (The VFD currently is paying $41,760.83 per quarter.)
Commissioner Williams asked the representatives how they would make a
$60,000 payment.
McClain said a tax increase would be necessary. He said there was also enough
in a certificate of deposit to cover the difference.
Robinson said the VFD had encountered numerous unexpected expenses, and that
many of them, such as a fire extinguisher system, were required by law.
Commissioner Ray asked if the VFD's contractor didn't know about the fire
system requirements.