2009 - 10-12-09 Joint Meeting - Laserfiche WebLink

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BOOK 2 1?1GE 85 LEE COUNTY Committed Today for a Better Tomorrow JOINT MEETING BETWEEN THE LEE COUNTY BOARD OF COMMISSIONERS AND LEE COUNTY BOARD OF EDUCATION 1708 NASH STREET LEE COUNTY HIGH SCHOOL SANFORD, NORTH CAROLINA 27330 October 12. 2009 The joint meeting between the Lee County Board of Commissioners and Lee County Board of Education was held at 6 p.m. on said date in the old gym, Lee County High School, 1708 Nash Street, Sanford, North Carolina. Commissioners present were Amy M. Dalrymple, Richard B. Hayes, James C. Kelly, Larry "Doc" Oldham, Nathan E. Paschal, and Linda A. Shook. Commissioner Robert T. Reives joined the meeting at approximately 6:30 p.m. Also in attendance were County Manager John Crumpton, County Attorney K. R. Hoyle, Deputy County Attorney W. Dale Talbert, and Clerk to the Board Gaynell Lee. Chairman Richard Hayes called the meeting to order for the Commissioners. Mr. Bill Tatum, Chairman of the Lee County Board of Education called their meeting to order. The agenda was approved unanimously by both boards. Mr. Jimmy Hite from Hite Associates presented the construction design for renovations to Lee County High School and addressed the three phases of the renovation project which would begin in the summer of 2010 and be completed in the summer of 2012. It is estimated the project cost to complete the plan will cost approximately $18.7 million County Manager John Crumpton presented financial information relating to project. Mr. Crumpton stated Lee County has been approved for $4 million in QZAB bonds and $3.98 in QSAB bonds. Lee County is also eligible for "Recovery Zone Bonds" in the amount of $4.342 million. The remaining amount necessary for the project will be borrowed and paid back in the form of traditional bank qualified financing. The payback time for the no-interest loans has been extended from 12-years to 15-years. The following signed up to speak and were allowed two-minutes (all spoke in favor of the renovation project and the %-cent sales tax proposed for the November referendum : • Chet Mann, 1508 Von Cannon Circle, Sanford; • Harry Undy, 558 Argyll Drive (Carolina Trace), Sanford; • Donnie Oldham, 2412 Brookwood Trail, Sanford;