HomeMy WebLinkAboutC.054.93011_0671Tax Per If
Tax Assessor's Estimate as of 04/04/05 $1,357,250
x 1.07
Est. 2006-07 Tax Per 1 ¢ $1,452,258
Chairman Tice said she understood the college board had not officially met to
determine Mitchell's bond request. She said, however, a letter had been sent from the
college president outlining the 2005 capital building priority list.
Joe Troutman, a member of the school facilities task force and a college trustee,
said a new student services building on the main campus was the first priority. He said
the second priority was to expand the Mooresville site. Troutman said the board of
trustees would meet on April 27 to discuss the proposed bond.
Mrs. Blumenstein said the bond amounts for the college and for the Mooresville
schools were submitted by Dr. Holliday.
Dr. Holliday said it was his understanding the members of the Mooresville
Board of Education would soon adopt a resolution outlining their school needs.
Dr. Cash then read the following resolution:
Resolution of the
Iredell-Statesville Schools Board of Education
The Iredell-Statesville Schools Board of Education hereby calls upon the Board of
Commissioners of Iredell County to adopt an order authorizing general obligation bonds of the
County and to call a referendum thereon for October 11, 1005, at which time such order will be
submitted to the qualified voters of Iredell County. The question to be put to a vote shall be
substantially as follows:
"Shall the order adopted on 1005 authorizing not exceeding $
school bonds of the County of Iredell, North Carolina to f nance renovations and
additions to N.B. Mills/Monticello Elementary School, Sharon Elementary School, Troutman
Elementary School, Troutman Middle School, Brawley Middle School, North Iredell Middle
School, Statesville Middle School, West Iredell Middle School, Lake Norman High School,
Statesville High School, North Iredell High School, and West Iredell High School and
authorizing the levy of taxes in an amount sufficient to pay the principal of and the interest on
said bonds, be approved? "
Board of Education Member David Parker made a olio to adopt the
resolution, as read by Dr. Cash, and Board of Education Vice Chairman Tara Cashion
seconded the motion. (Motion passed unanimously.)
Commissioner Robertson asked why the General Obligation Bond was
occurring before the Certificates of Participation (COPS).
Dr. Cash said it was due to timing.
Dr. Holliday said Mrs. Blumenstein had indicated that holding the bond in the
fall of the year would work out better due to the annual budget preparation in the spring.
Blumenstein said another reason was due to COPs requirements. She said the
COPS bids had to be "in hand" before any bonds could be sold. Mrs. Blumenstein said
GO bonds were different.
Commissioner Robertson said Phase I would have a tax increase of three cents.
He asked if there were any tax increase estimates for Phases II and III.
Blumenstein said there were no estimates at this time.