HomeMy WebLinkAboutC.054.93011_1013 (2)discuss factors such as the current debt load of the unit, a comparison of the debt per capita to units with similar
charactenstics, future obligations which will require allocation of substantial portions of local revenues, etc. Be brief
but specific.
NA
4. If no debt is to be issued or used to finance the project, explain the reasons for this decision below. Applicants may wish
to discuss factors such as the current debt load of the unit, a comparison of the debt per capita to units with similar
characteristics, future obligations which will require allocation of substantial portions of local revenue, special economic
factors, costs associated with the issuance, etc. Be brief but specific.
Debt does not need to issued or used for this project.
G. Performance Agreement
6. Request from the Big Brothers Big Sisters of the Southern Piedmont Organization
(BBBS) for the Leasing of Office Space (Annex Building/Space Formerly Occupied by the
Reval Dept.): During the agenda briefing, County Manager Joel Mashburn said BBBS had
recently sold its building, and the organization's executive director had asked to use space formerly
occupied by the county's revaluation department. Mashburn said that due to the county having
future plans for the space, BBBS would only be able to occupy the building, if approved, for up to
one year. He said the organization was looking for a permanent location, and in fact, had
negotiated on one particular site, but the plans had fallen through. Mashburn said the organization
had proposed to use the space, as is, and the county's furniture would be moved out. In addition,
he said BBBS would be responsible for any painting or carpeting and pay $450 a month for
utilities and janitorial services. He said a month-to-month, not to exceed one year, lessor/tenant
lease would be drafted.
7. Request for Approval of the December 20, 2005 Minutes
9:01 a1Lt1
Request for Approval of Budget Amendment #23 in the Amount of $13,950 for
Cooperative Extension Service Employees' Salary Adjustments: Cooperative Extension
Director Ken Vaughn said the state had approved salary increases for the professional staff in July
of 2005. He said the increases had occurred due to recruitment/retainment problems. Vaughn said
that in the 1986, the county started funding 50% of the extension's salaries, and he was requesting
the additional funding to match the state increases. He mentioned the increases were not budgeted
due to the uncertainty of the state budget.
MOTION by Commissioner Williams to approve Budget Amendment #23 for $13,950 to
be derived from the contingency fund for the purpose of increasing the salaries in accordance with
the Memorandum of Understanding dated December 17, 1986 by the county and the Agricultural
Service Extension. (The increases will be effective as of January 1, 2006.)
VOTING: Ayes — 5; Nays — 0
Request for Approval of a Resolution Providing for the Issuance of General
Obligation Bonds (Series 2006) in the Amount of $36,400,000: Chairman Tice introduced this
resolution, and Finance and Administrative Services Director Susan Blumenstein said that on
August 2, 2005, the board of commissioners adopted an issuance order for the General Obligation
bonds, not to exceed 544,630,000 to be used for schools. She said the board called for a
referendum on October 11, 2005, and it subsequently passed. In addition, she said the referendum
authorized the total issuance of the bonds along with a tax rate increase of three cents to cover the
debt service. Blumenstein said that on January 24, 2006, bonds totaling $36,400,000 would be
sold with the money to be used by the Iredell-Statesville School System for the
construction/renovation of schools. She said debt service would be paid annually (February 1)
with interest due semi-annually on August 1 and February 1. Blumenstein said the interest would
not be set until the bonds were sold by the Local Government Commission on January 24. She
said that probably in May of this year, a similar resolution would be offered for the Mooresville
Graded School bonds, and in 2007, yet another resolution would be presented for Mitchell
Community College. Mrs. Blumenstein said Mooresville and Mitchell were not ready to move
forward with their bonds at the present time.
am