HomeMy WebLinkAboutC.054.93009_0204 (2)Mooresville Graded School District, Iredell-Statesville School
District, and Mitchell Community College, asking the county
commissioners to consider the November referendum for the school
bonds.
The total amount of the requests from the three school systems
was originally $64,595,000. After the requests were received, Mrs.
Blumenstein contacted the Local Government Commission, and it was
the Commission's opinion that this amount exceeds the amount that
the County should be in a position to issue, and requested that the
County, if it chooses to have a referendum, to consider a lower
amount. After further calculations and discussions with the
schools the amount recommended, should the schools choose to go in
this direction, would be in the range of $41 million. This is the
amount the County could comfortably issue at this time without
jeopardizing its credit rating.
Mrs. Blumenstein had prepared, in anticipation of board
action, a resolution that would need to be adopted by the board if
the board chooses to have the referendum. This resolution was
prepared after consultation with the county attorney, the bonding
attorney, and the Local Government Commission.
Chairman Haire inquired about a point of order from the County
Attorney about bringing the matter of the time of the bond election
back before the board. (Note: At the July 6, 1993 meeting the
board voted 3-2 to support the May 1994 referendum.) Chairman
Haire inquired if this matter would need to be brought back to the
table again by the prevailing majority on that motion. County
Attorney Pope said under the board's rules, a person on the
prevailing side would need to bring up the motion.
MOTION from Commissioner Madison to move on to the next item
of business.
Commissioner Boone inquired if the motion had to be made by
the prevailing side. He said that he was under the impression that
in this case a motion was not needed to reconsider.
Ayes - 1 (Madison); Noes - 4
MOTION from Commissioner Boone saying with a great deal of
reluctance and mixed feelings, he would make a motion to reconsider
the motion on the time of the school bond referendum.
VOTING: Ayes - 4; Noes - 1 (Madison)
Commissioner Boone inquired if the board would be bound by a
dollar amount placed in the proposed resolution. County Attorney
said he believed the board would be bound by the dollar amount;
however, he would need to discuss it with the bond counsel. Mrs.
Blumenstein said when the board sets an amount and the intent is
advertised in the newspaper, the bond could be for less than that
amount, but could not exceed the amount called for in the
advertisement of intent. The amount can be reduced but cannot be
exceeded, Mr. Mashburn said.
Chairman Haire asked if the board would like a few minutes to
look over the resolution. Mr. Mashburn inquired if the board would
like the resolution summarized. This resolution is a requirement
of the Local Government Commission. Mr. Mashburn reviewed the
resolution at this time.
The amounts of each school entity's bond was discussed and the
following amounts were stated:
Iredell-Statesville Schools $29,480,000
Mooresville Graded Schools $ 6,805,000
Mitchell Community College $ 4,715,000
TOTAL $41,000,000
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