HomeMy WebLinkAboutC.054.93011_1694 (2)• Fire engine $380,000
• 10 static water points (road construction) 6,000
• Turbo draft, five inch hose, adapters 5,000
• Loose Equipment 31,830
• 12 hydrants 42.000
(Additional information may be found in the briefing minutes.)
2. Request for Approval of the August Tax Refunds and Releases: Tax Administrator
Bill Doolittle requested approval of the following releases and refunds.
I
AUGUST 2007 TAX RELEASES & REFUNDS
Rate
Releases
Refunds
County
55,774.50
424.52
Solid Waste Fees
4,339.50
35.00
East Alexander Co. Fire #1
5.75
0
Shepherd's Fire # 2
762.76
87.36
Mount Mourne Fire # 3
184.97
0
All County Fire # 4
3,105.23
3.22
Statesville City
6,265.95
0
Statesville Downtown
40.10
0
Mooresville Town
25,125.78
490.98
Mooresville Downtown
0
0
Mooresville School
3,976.05
137.30
Love Valley
8.69
0
Harmony
38.76
0
Troutman
151.23
0
Total
$99,779.27
$1,178.38
A complete list, of the individual tax releases and refunds, is hereby incorporated
into the minutes by reference.
3. Request for Approval of Budget Amendment #14 in the Amount of $52,100 for
the Purchase of Property located on Meeting Street and being near the EMS & Vehicle
Service Center: The $52,100 will cover the 420 Meeting Street land purchase, survey and
other associated costs with the funding to be derived from excess EMS revenues as of
June 30, 2007. Eventually, the property will be used for extra EMS parking due to its proximity
to the county's Meeting Street Service Center.
4. Request for Approval of a Financing Proposal Offered by First Citizens Bank,
Subject to Approval of the Local Government Commission, in Conjunction with the Solid
Waste Special Obligation Bonds, Series 2007: As was recommended by Deputy County
Manager Susan Blumenstein, First Citizens Bank, at an interest rate of 3.57%, was chosen as the
financing institution for the direct placement bonds. Blumenstein said the bond debt would be
paid out of solid waste enterprise revenue.
Proposed
Rate
Fee
Prepayment
Total Prin &
Fees
Total Costs
Met RFP
Fee required if
Fee
Int Payments
Requirements
Prepayment
option is
exercised after 2
ears payments
Bank of
3.59%
$3500
1%ofprin
$4,944,262.50
$3500
$4,947,762.50
No -requires
$36,000.00
America
balance
deposit of
proceeds with
BOA rather
than Trustee
BB&T
3.60%
None
1% of prin
$4,945,500.00
-
$4,945,500.00
No -requires
$36,000.00
stated
balance
deposit of
proceeds with
BB&T rather