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HomeMy WebLinkAboutC.054.93009_2245David Hollars said a grand opening celebration of Job Link would be held on September 30, 1999. A Mooresville branch will soon be established. DALE WALKER, CHAIRMAN OF THE IREDELL COUNTY MOBILE AIR UNIT COMMITTEE, IN REFERENCE TO THE NEED FOR ANEW TRUCK: Walker said he was asking for assistance in obtaining a low interest loan for a new mobile air unit. The vehicle will be delivered within a week. Walker said he was requesting a loan of $100,000 to be repaid in two payments. Blumenstein said a proposal had been submitted by a financial institution with an interest rate of 4.58%. She said she would talk to at least two other lending institutions for interest comparisons. Blumenstein said she envisioned a loan somewhat similar to what had been done for the Iredell County Rescue Squad. The county borrowed $85,000 for the purchase of a new vehicle and then leased it to the rescue squad. When the loan is paid off, the vehicle will be titled to the squad. Commissioner Stewart asked the total cost of the vehicle. Walker said it was $250,000. He said $50,000 was obtained from Mooresville Rescue (chassis), and $50,000 was obtained from the fire tax districts with taxing authority. The remaining $150,000 will be obtained by the $50,000 already appropriated by the Fire Tax District Board for this year and $100,000 over the next two years. Commissioner Johnson reminded everyone that a financial plan had been created in the past to help reduce the indebtedness of the fire departments. He asked Commissioner Stewart, since she served on the Fire Tax District Board, if the request was deviating from the plan. Stewart said the air mobile vehicle request had been in existence for several months. Walker said the request went before the fire tax board in February. At that time more information was requested. In March, the mobile air unit committee was told to "go ahead with the truck." Fortner asked how many air mobile units were in the county. Walker said the requested one would make a total of three; however, the first vehicle was outdated, and the second unit was just recently updated. The new unit will be based in Mooresville. Chairman Haire said she was understanding that the request was for the County to borrow $100,000 for the purchase of a new vehicle to be leased to the Fireman's Association and for the loan to be repaid within a 24 -month period. Walker said this was correct. Fortner asked Blumenstein if the loan transaction would impact the county's financial capability. Mrs. Blumenstein said that even though there was a recent solid waste refinancing, the county was still within the $10 million bank qualification for this fiscal year. MOTION by Commissioner Johnson to instruct the finance director to investigate at least two other loan sources and to proceed with securing the loan in the amount of $100,000 to be repaid over a 24 -month period. VOTING: Ayes - 5; Nays - 0. PUBLIC HEARINGS Chairman Haire declared the meeting to be in public hearing session.