HomeMy WebLinkAboutC.054.93010_1321Madison asked how much was still owed on the 1987 Certificates of Participation
(COPS).
Boyles said the issuance was for $17 million and $10 million was still owed (debt service
of $958,000 per year through 2014).
Dr. Boyles gave the following 2004-2005 Budget Projections.
Current Expense
Budget increase request of within 5% of current per pupil budget plus growth
Planned projects/programs:
Staffing of East Mooresville Intermediate School
Technology
Continuation of minor facilities improvements for safety/accessibility
Increased utility and transportation costs
vital Outlav
- Planned projects include:
Possible mobile classroom replacement
Student safety and security improvements
Debt Service
Technology
New Bus
Minor repair projects
Long-range facilities design, planning and construction
Mitchell Community College
Mitchell Community College President Dr. Doug Eason, Director of Facility Services
Gary Johnson, and Vice President of Finance & Administration Dick Lefevre presented the
college's capital request proposal for 2004-2005 as follows:
■ Technology/Workforce Development Building — COPS debt service 108,325
■ Parking lots/pedestrian walkways repair/expansion & lighting 300,000
■ ADA accessibility for Cherry St. Ctr., including elevator/classroom &
restroom renovations 600,000
• Renewal & Renovation of Existing Facilities and Equipment on all
campuses 250,000
Total 2004-2005 County Capital Projects $:
G. Johnson then shared sketches of the new two-story technology building to be located
on Front Street. He said a groundbreaking would be held in about 30 days, and the building
would be completed in approximately 18 months.
Dr. Eason said the college was enrolling many displaced workers and older adults, but the
age group that was increasing on campus seemed to be the younger set or the 18-year-olds. He
said that for many families, a community college was being viewed as a more favored option
than sending their children away to school. Eason said the college continued to work on
fundraising, and recently the three local Rotary Clubs agreed to raise funds to improve the
auditorium.
(Note: Several college trustees were also in attendance.)
(With the departure of the college officials at 12 noon, the session broke for lunch and a
presentation from Jeff McKay. Others joining the commissioners were Susan Hatfield, field
representative for United States Congressman Richard Burr, and R.B. Sloan, Karen Ray, and
Frank Mitchell, all members of the North Carolina General Assembly.)