HomeMy WebLinkAboutC.054.93009_1952Sandy McCurdy (ogon pt to the amendment): McCurdy said she agreed with Mr. Runge
and felt the present non -owner petition method created confusion.
William Allison reported that his office prepared as much information as possible to inform
the citizens about the process. Allison said his staff had relatively little control over what was told
to property owners when non -owner petitions were circulated. He said planning board meetings
were good forums to respond to concerns and questions. Allison also said his staff scrutinized the
petitions as much as possible.
Chairman Haire adjourned the public hearing.
MOTION by Commissioner Fortner to approve the amendment as was recommended by the
planning office and planning board.
Commissioners Boone and Johnson said they felt the two speakers in opposition were
discussing a different issue. Johnson said the amendment had been proposed because property
owners were changing their decisions even up until the date of the commissioners' meeting.
VOTING: Ayes - 5; Nays - 0.
ADMINISTRATIVE MATTERS
REQUEST FROM IREDELL-STATESVILLE SCHOOL SYSTEM FOR
CONSTRUCTION FUNDING: The county manager said he had devised a funding plan to meet
the immediate school needs as expressed by the Iredell-Statesville School System. Mashburn said
his plan was particularly directed towards Phase I of the K-8 School Complex. Representatives of
the school system had previously estimated the cost for this phase to be $8.8 million. The school
system has $2.7 million available. Mashburn said his proposal was a method to solve the immediate
need while recognizing the funds were not previously planned or committed to be expended during
this fiscal year. In working on the plan, Mashburn said he knew it had been a long-standing policy,
when allocating funds for capital construction, that allocations be on the same basis as current
expense - - per pupil basis. With this mind, funds were also proposed for the Mooresville Graded
School District.
Mashburn's proposal was:
Appropriate from:
Fund balance $ 2,500,000
*Capital Reserve 4.814.970
$ 7,314,970
*A portion will stay in capital reserve but it will be restricted for Mooresville.
Appropriation to:
Iredell-Statesville Schools $ 6,108,000
Mooresville Graded 1.206.970 (based on pro rata policy)
$ 7,314,970
Mashburn said the capital reserve fund would have a balance of $795,443. He continued by
saying that 1 I% would remain in the county's fund balance.
Commissioner Fortnerasked what the Local Government Commission (LGC) recommended
for the fund balance. Mashbum said the LGC would like for all governmental agencies to keep fund
balances as "healthy" as possible. He mentioned that if the county proposed to issue debt that
probably 15% would be more appropriate. Mashburn said the LGC did not normally react until
local governments dropped to 8%.
Commissioner Fortner asked about the consequences of having an 11% fund balance if
Certificates of Participation (COPS) were issued in early 1999. Specifically, if the interest rate
would be influenced. Mr. Mashburn said this was conceivable. He said the economy, the tax base,
and other factors played a part in the rate.