2010 - 03-01-10 Regular Meeting - Laserfiche WebLink

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book 23 Pest- 320 insurance plan. Mr. Browder and HR Director Joyce McGehee answered questions from Board members. After much discussion, Commissioner Dalrymple moved to defer action on the health insurance matter until the April 5, 2010, meeting in order to study the material more in detail. Upon a vote, the results were as follows: Aye: Dalrymple, Kelly, Reives, and Shook Nay: Hayes, Oldham and Paschal The Chairman ruled the motion had been adopted by a four to three vote. The Board considered appointments to the Lee County Board of Equalization and Review (Board of E & R). Tax Administrator Dwane Brinson told Board members there are currently six vacancies on the Board of E & R. An ad ran in The Sanford Herald on two occasions and letters and applications were mailed to individuals whose terms were expiring. After discussion and consideration of applications presented, Commissioners appointed the following to serve 3-year terms to the Lee County Board of Equalization and Review: Albert Adcock - reappointed as regular member Herb Hincks - reappointed as regular member Drew Lucas - moved from alternate position to regular member Cindy Ammons - moved from alternate position to regular member Donese Pulley - appointed as alternate member Gwyn Maples - appointed as alternate member William Vogler- appointed as alternate member Upon a vote, the results were as follows: Aye: Dalrymple, Hayes, Kelly, Oldham, Paschal, Reives, and Shook Nay: None The Chairman ruled the motion had been adopted unanimously The Board discussed term limits for boards/commissions appointed by the Board of Commissioners in June every year. After discussion, it was agreed that Commissioner Reives would work with County Manager John Crumpton to amend the current policy on board/commission appointments. The Board considered a request for reallocation of Recovery Zone Economic Development Bond authorization for the Lee County High School project. Finance Director Lisa Minter asked the Board to approve a resolution to request a reallocation of Recovery Zone Economic Development Bond authority not to exceed $12,000,000 to be used for the above-referenced project. In 2009, Recovery Zone Economic Development Bonds were made available via the American Recovery and Reinvestment Act. Lee County was authorized for $4,343,200 in these bonds. To use the bonds, a project had to be submitted in December 2009 or the authorization reverted back to the State. Based on interest rates at that time and the amount of authorization, it was decided to allow the authorization to revert. The Recovery Zone Economic Development Bonds are a taxable financing; however, the Federal government reimburses 45% of the interest paid annually. Based on the current interest rate market, the County could potentially save $1,000,000 in interest costs if we could obtain a $12,000,000 allocation. Based on these potential savings, the Board is asked to submit a request for reallocation to the N. C. Department of Commerce asking for up to a $12,000,000 allocation. The Tax Reform Allocation Committee meets on March 15, 2010 and the request must be submitted by that date.