HomeMy WebLinkAboutC.054.93008_02464225
CHAIRMAN TROUTMAN:
I don't see any more hands, so I will say that the
public hearing is over. I would like to bring a few
things to your attention. That is, over the past several
weeks, we have received 30 pages of petitions which represent
approximately 600 or 700 names, objecting to the proposed
issuance of general obligation bonds for the,purpose of
renovating and expanding the county hospitals.
In the last few days, we received petitions of
300 pages plus, which represent 4,831 names, requesting
that the citizens be allowed to vote on the issue November 2nd.
It certainly has made our decision a lot easier.
I would like to say as far as taxes being levied
in the event that one or both hospitals default on their
payment of bonds, I think I can respond as any county
commissioner will be able to respond, who sits here two
years, four years, ten years, twelve years, or fifteen or
twenty years from now, when that event might happen. And
that is that taxes shall not be levied, but rather the
structures, equipment and all assets will be secured by
contracts between Iredell Memorial Hospital and Lowrance
Hospital and Iredell County Government before any bond
is issued, if the voters approve the issue.
And that is just saying that we know and you folks
know that we have more than $22 million in assets in the
two county -owned hospitals. So if there was a default,
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