HomeMy WebLinkAboutC.054.93011_1775Section 2. The LGC is hereby requested to approve the proposed Installment Financing
Agreement pursuant to the provisions of Article 8 of Chapter 159 of the General Statutes of
North Carolina, and the Director of Finance and Administrative Services of the County is
directed to complete all applications and execute all documents required in connection with
obtaining such approval.
Section 3. The LGC is hereby requested to approve the selection of the following
professionals who comprise the f nancing team, and such other professionals as may be required
or useful and acceptable to the LGC, to assist the County in connection with such financing:
Special Counsel Sidley Austin LLP
Underwriters Citigroup Global Markets, Inc. (Senior
Manager) and Wachovia Bank, National
Association
Underwriters' Counsel Womble Carlyle Sandridge & Rice,
PLLC
Trustee US Bank National Association
Corporation Counsel Pressly, Thomas & Conley, P.A.
Section 4. All actions heretofore taken by the County Manager and the Director of
Finance and Administrative Services in connection with the Installment Financing Agreement
and the 2008 Certificates, including fling the application with the LGC, retaining Special
Counsel and selecting investment banking firms and a trustee, are hereby ratified and confirmed.
Section 5. This resolution shall take effect immediately upon its passage.
Upon potion of Commissioner Tice the foregoing resolution entitled: "RESOLUTION
MAKING CERTAIN FINDINGS RELATING TO THE FINANCING OF CERTAIN SCHOOL
FACILITIES PURSUANT TO AN INSTALLMENT FINANCING AGREEMENT AND
AUTHORIZING THE DIRECTOR OF FINANCE AND ADMINISTRATIVE SERVICES TO
FILE APPLICATION FOR APPROVAL THEREOF BY THE LOCAL GOVERNMENT
COMMISSION' was passed by the following vote:
Ayes: Commissioners Norman, Tice, Johnson, Robertson and Williams
Noes: 0.
------CONSENT AGENDA--------- --
MOTI
GENDA--------------
OTIO by Commissioner Johnson to approve the following 15 consent agenda items.
VOTING: Ayes - 5; Nays - 0.
(All items were summarized during the agenda briefing.)
1. Request for Approval of Budget Amendment #27 to Appropriate an Emergency
Management Preparedness Supplemental Grant of $6,562 to the Office of Emergency
Management & Appropriate the County's Match of $6,562: A memo from David Martin
indicated this funding would purchase equipment/supplies for radiological responses. The
county's match is already budgeted.
2. Request from the Health Dept. for Approval of Budget Amendment #28 to Use
$18,500 in Medicaid Max Funds for a Dental Software Server & Network Switches: Health
Director Donna Campbell said $3,319 would be used to obtain a Hewlett Packard server
(hardware/software); $12,213 would purchase three fiber switches along with a maintenance
contract, and $2,968 would buy fiber and pay for the installation.
3. Request for Approval to Remove an Exception to the Health Department's
Operation Manual Regarding the Debt Setoff Program for the Collection of Family
Planning Clinic Fees: Health Director Donna Campbell said in August of this year, the federal
government advised that debt setoff was not an allowable method to collect fees, and this was
due to confidentiality requirements. Campbell said now, upon further investigation by the
federal government, it was determined that no confidential information was being used in the
debt setoff program. She said the request was to remove the following paragraph from the fee
operations manual:
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