HomeMy WebLinkAboutC.054.93010_0582the payment of principal of and interest on all of its outstanding debt
obligations and has received no notice from the Local Government Commission or
any holder concerning the County's failure to make any required payment of
debt service.
Section 2. The Local Government Commission is hereby requested to
approve the proposed Installment Financing Agreement pursuant to the
provisions of Article 8 of Chapter 159 of the General Statutes of North
Carolina. and the Director of Finance and Administrative Services is directed
to complete all applications and execute all other documents requir°ed in
connection with obtaining such approval.
Section 3. This resolution shall take effect immediately upon its
passage.
Commissioner Ray said that many months ago the board had taken under consideration the
purchase of the former hospital. She said that in a 4-1 vote, the board agreed to the purchase.
Ray said the public hearing was being conducted on the actual financing, and it was not being
held to decide on the purchase -- this had already been done. Mrs. Ray said she had previously
voted to purchase the property due to information provided by the county staff, and she still felt
it was the right thing to do. Ray said she looked at the property purchase as being an investment
and not so much as a revitalization aid. She said the purchase would help with the revitalization,
but this was not the reason for buying the property. Commissioner Ray said the property would
meet the long-range needs for the citizens in the southern end of the county.
40TI0 by Commissioner Ray to approve the resolution as introduced by Chairman
Tice.
Commissioner Williams asked if a Phase I Environmental Study had been completed. He
also asked about the roofing on the building and the parking spaces.
Support Services Director Jim Vernon said a Phase I study was approximately 709%
complete. He said thus far, there was nothing "drastically wrong." Fie said the roofing that had
been constructed through the years was primarily "built-up roofs." Vernon said minor problems
had been noted on some parts of the structure, i.e., reglets, or where the counterflashing attached
to the sidewalls or parapet roofs. He said there were about two or three leaks in the oldest
section of the building. Vernon said there was one single -ply, ballasted membrane roof on the
facility, and it appeared to be in good condition.
In regards to parking, Vernon said he had a drawing indicating there were 235-240 parking
spaces. He said this could probably be expanded to a maximum of 320 spaces. Vernon agreed
that 400 spaces would be necessary if all four floors of the hospital were occupied.
Commissioner Williams asked the county manager about the debt service. Williams asked
if a tax increase would be needed.
Mashburn said the debt service for the current year was already included in the budget. Ile
said he would not anticipate concerns about debt service in future years, if normal growth was
experienced. He said, however, that he didn't have a "crystal ball."
Commissioner Bowles said he didn't think the hospital purchase would be in the county's
short-term best interest; however, it in the long-term, the acquisition would pay off.
Commissioner Johnson said he was the "lone dissenting vote" in the matter. Johnson said
he had concerns about the board not adhering to the capital improvements listing. He said a
needs assessment had been done in the past and future revenues were then reviewed. Johnson
6