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the cost per patient day will come up with the same totals.
And I'm going, to endeavor as ha,d as I can in the next two weeks
to make sure that I feel very comfortable with those figures
before I make a decision.
Several members of our board, our county attorney, our
county manager, and our finance officer last week went to the
Local Government Commission in Raleigh and sat down with, I
suppose, these exact figures, is that right? So that they would
better have an understanding of where the Local Government
Commission was coming from. I think that the trip was advantageous
if for nothing else to dispel the fact that maybe the Local
Government Commission did not endorse what was being projected
for the bonds. I think, of course, one thing that was changed
from the time you were here previously, and the thing that you
proposed tonight was the payback term of 30 years and 6 months,
bond term and the payback period has been from 30 years and six
months to 28 years pay back period, now to 20 years bond
term and 18 years payback, Is that correct? Which amounts
to an awfully lot of different interest money.
Troutman: Mr. Attorney, what do we need to do next?
Randall: Mr. Chairman, in order to keep on schedule, it
would be necessary for the first reading of the bond order be
passed tonight. If it is passed, then it would be in order for
the board to establish a public hearing date and you will need a
time, date, and place for the hearing.
The public hearing must follow a notice published in
Statesville Record & Landmark by at least six days. There must be
six days notice. My calculations would be, and such notice is
ready if the board chooses to adopt and move ahead with it tonight.
On 25 PAA53