HomeMy WebLinkAboutC.054.93009_2063 (2)Iredell County Capital Improvement Plan: Jim Vernon presented a five-year capital
improvement plan in the amount of $3,990,606. However, if the present county garage could be
sold (anticipated sale price $100,000), the improvement plan could then be reduced to $3,890,606.
Mr. Mashburn said the county attorney was drafting the closing documents for the Boggs
Building purchase. After renovations, the EMS and Maintenance Departments will be housed in this
facility.
Commissioner Fortner told the group that Crossroads Behavioral Healthcare would be asking
for more space.
Commissioner Johnson said he recalled that space for the courts was listed as the county's
top priority. Mr. Mashburn said he had received a letter from the Register of Deeds asking for more
space. Vernon added that the Register of Deeds' vault area was already in violation of state law.
Mr. Mashburn said the library needs along with the other capital improvement needs
amounted to about $9 million. He said this amount could be obtained in a direct -placement loan.
Commissioner Johnson said he was not comfortable with a $9 million loan. He suggested
that the capital reserve fund be built up to pay for the space needs.
The finance director was asked about the loan balance for the health building. She said the
loan extended through 2003, and the balance was $1.5 million. Mrs. Blumenstein said the county
was presently indebted by about $32.5 million ($9.9 million in Certificates of Participation, $20.9
million in General Obligation Bonds, $1.5 million for the health building, and $85,000 for the
Rescue Squad loan).
Chairman Haire said the current interest rate was low, and she felt it was a good time to
proceed in alleviating some of the county's space needs.
By consensus, the board requested the following:
1. The county manager pursue a joint library partnership with the Town of Mooresville.
2. The county manager pursue an option to purchase, along with a feasibility study, for the
Lowes Building located on East Broad Street, Statesville, NC.
3. The finance director develop an amortization schedule for a $9 million loan, using both
10 and 15 year payback periods, for Iredell County Capital Improvements. (The $9
million would include $S million for the library proposal.)
Lake Norman Regional Medical Center (LNRMC): Chairman Haire said she had talked
to Paul Smith, the CEO of LNRMC, and was advised that the staff would move to the new facility
in June. Haire mentioned to Smith that the Bassett Furniture Company had recently donated
property to the county. She asked Smith if the hospital corporation would consider a similar
donation of the unused hospital site.
Water Sewer General Discussion: Consensus of the board, to retain the water sewer
policy that has been used for the past few years.
Recreation: Commissioner Johnson said the City of Statesville was developing a park in
east Statesville (Simonton Road/East Elementary area). He said he had been approached with the
idea that Iredell County partner with the city in this endeavor. If this occurred, this site could
become the county's east quadrant park. Johnson mentioned that current plans were to create six
soccer fields. The Select Soccer coach has agreed to participate in the program. Mr. Johnson said
the city would expect the county to hire some part-time employees. The city has said it would be
willing to establish a separate advisory board for the park.