HomeMy WebLinkAboutC.054.93011_0192MINUTES
FOR THE JOINT MEETING
BETWEEN THE
IREDELL COUNTY BOARD OF COMMISSIONERS
THE
IREDELL-STATESVILLE BOARD OF EDUCATION
DATE: Tuesday, March 16, 2004
TIME: 4:00 P.M.
LOCATION: Iredell County Government Center (Commissioners' Meeting Room)
200 South Center Street
Statesville, NC 28677
IREDELL COUNTY COMMISSIONERS ATTENDING WERE:
Chairman Stephen D. Johnson
Vice Chairman Godfrey Williams
Doug Madison
Marvin Norman
Sara Haire Tice
COUNTY STAFF ATTENDING: County Manager Joel Mashburn, County Attorney Bill
Pope, Finance Director Susan Blumenstein, and Clerk to the Board Jean Moore.
IREDELL-STATESVILLE BOARD OF EDUCATION MEMBERS ATTENDING
WERE:
Chairman Dr. David Cash (District 2)
Vice Chairman Tara Cashion (District 7)
Jim Head (District 5)
David Parker (District 3)
Dr. Mary Bruce Serene (District 6)
Keith Williams (District 4)
Dr. Ken Wilson (District 1)
SCHOOL STAFF ATTENDING: Dr. Terry Holliday (Superintendent), Dr. Steve Lane
(Deputy Superintendent), Dr, Kenny Miller (Maintenance Services Director), Terry Haas
(Finance Director), Catharine Davidson (Public Information Director), and others.
CALL TO ORDER: Chairman Johnson and Chairman Cash called their respective boards to
order.
INVOCATION by Chairman Johnson.
Dr. Cash said he hoped the two groups could work together with a common goal in mind.
He said the 5124 million proposal had been evaluated and researched by financial, construction,
and education specialists. Cash said the school board wanted to use the proposal as a starting
point in correcting facility inequities. Dr. Cash said he recognized county voters had a history
of defeating school bonds, and that other than the 1997 bond, none had been successful since
1947. Dr. Cash said new and improved schools would attract industry.
Dr. Holliday said school facility decisions needed to be made and that funding, growth,
equity, and timing were crucial factors in the decision-making. He said there were many
advantages in undertaking all of the system's needs at the same time rather than continuing with
the current method of issuing a Certificates of Participation (COPs) every three years. Dr.
Holliday said the 5124 million plan would save the county S10 million, when compared to the
current funding method, and it would take care of the needs within a four-year period. He said
the plan was based upon five percent growth and that for year one, and year two, there was a
structured debt payment. Dr. Holliday noted the method was different since it was on a cash
flow basis versus a balanced principal basis. He said that annual capital outlay expenditures
would be reduced. Holliday said the current interest rates were at a 40 -year low, and many
governments were constructing facilities (Charlotte Arena, Raleigh Convention Center, Pitt