1972 - 09-18-72 Regular Meeting - Laserfiche WebLink

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BOOK PATE 12 Commissioner Gordon Wicker informed the Board that he had received information confirming a Grant Award which would be used in part to fund the Lee County Council on Aging. Federal Funding will amount to $8550. with the local share being $2850. A copy of the letter confirming the Grant Award is hereto attached and made a part of these minutes. The County Manager explained that the Local Government Commission has requested that the Board designate a depository and co-paying agent for the proceeds to be received by the County from the sale of $350,000. in General Obligation Bonds. After some discussion, Commissioner Rogers made a motion that The Carolina Bank be designated the depository and co-paying agent. Motion was seconded by Commissioner Cooper and on a roll call vote those voting aye were Messrs Cooper, White, Rogers, Gordon Wicker, and Chairman Wicker. A copy of the Retirement Schedule relating to the County's existing debt requirements as of June 30, 1972 and the additional debt service requirements relating to the General Obligation issue of $350,000. as prepared by the Local Government Commission was presented to the Board for its consideration. After some discussion, Commissioner Cooper made a motion that the Retirement Schedule as presented be accepted.. The motion was seconded by Commissioner White. On a roll call vote those voting aye were Commissioners Cooper, Rogers, White, and Chairman Wicker. Voting nay was Commissioner Gordon Wicker. The County Manager presented to the Board a request from a prospective industrial client for a "Letter of Intent" relating to the expenditure of Industrial Bond Funds to install a sanitary sewage line. After discussion of the matter, the Board instructed the County Manager to prepare a !Letter of Intent" for its consideration. The County Manager brought to the attention of the Board a request made by Mr. Chandler Eakes and Attorney H. M. :Jackson concerning the expenditure of $100. which would be used to acquire two (2) cabinets to be located in the County Courthouse in which would be placed historical documents and paraphernalia relating to Lee County. Commissioner Rogers made a motion that the $100. expenditure be authorized. The motion was seconded by Commissioner Gordon Wicker and upon vote was unanimously adopted. The Board instructed the County Manager to write a letter to Attorney H. M. Jackson expressing the Board's appreciation for his interest and participation in this matter. Upon motion duly made, seconded, and duly adopted, it was resolved to adjourn until 9:30 o'clock a.m. on Monday, October 2nd, 1972. The Meeting was adjourned in keeping with the resolution. J, Z4 Chairman