Agenda - 12-21-15 Reg. Meeting - Laserfiche WebLink

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The Chair ruled that the motion had been adopted by a 5-1 vote. The Chair announced the meeting would recess to the Gordon Wicker Conference Room for two presentations. The Board heard a presentation on coal ash water testing and visualization analytics from Don Helms with Integrated Training Solutions and Bob Care from Empire Media Group. Mr. Helms, a property owner near the Colon Road Ash Site, approached staff with a proposal to analyze and compare data from the water testing and other public information sources. Mr. Helms explained that the Lee County Coal Ash Assessment and Reporting Model is designed to monitor, track, measure, report and provide a visual experience of historical and current forecasted conditions for items of interest related to the Colon Mine site. Mr. Care explained the visualization capabilities of drones as a way to track progress at the coal ash site. No action was taken. Commissioner Knecht arrived at 4:10 p.m. during the above presentation. The Board heard a presentation from Architect Taylor Hobbs with Hobbs Architects on the 2015 Central Carolina Community College bond building projects that were approved by voters during the last election. The presentation highlighted status updates and proposed site plans on the following projects: Emergency Services Training Center, Veterinary Medical Technology, Dennis A. Wicker; civic Center, and the Health Sciences Building. Various interior renovations across campus were also presented. No action was taken. Chair Dalrymple called a ten minute recess of the Board at 4:30 p.m. Following the recess, the meeting was called to order at 4:40 p.m. in the Commissioners' Room with all members present. Finance Director Lisa Minter presented informati6n'6n the refinancing of the County's 2006 Certificates of Participation. On November 16, 2015, the Board heard a proposal from Davenport & Company, LLC regarding the potential savings the County could realize by refunding a portion of the outstanding debt related to the 2006 Certificates of Participation that were issued to build San Lee Middle School, to do repairs on various building on the Central Carolina Community College campus, and to construct Tramway Road Park. Based on market conditions as of November 16, 2015, tae County could refund $18,980,000 of the outstanding debt and potentially see a gross savings of $1,246,712. On November 16, 2015, the Board authorized Davenport & Company LLC tojpsue an RFP for rates on a direct bank loan to do the refinancing. The RFP was issued November 18, 2015. NVih 5rlgulib from, Davenport & Company, LLC discussed the result of the RFP that was sent to thirty-five banks, with three responses received. After discussion of the pros and cons associated with each direct bank loan option, as well as the public sale option, Commissioner Reives moved to approve Ms. Minter, recommendation to select the Capital One Option A Fixed Rate direct bank loan. After discussion, the,f were as follows: Aye: Dalrymple, Frazier, Knecht, Oldham, Reives, Sloan, and Smith Nay: None The Chi 'led the motion had been adopted unanimously. The Board also considered approving a Resolution making certain findings and determinations regarding the refinancing project. Commissioner Reives moved to approve said Resolution, a copy of which is attached to these minutes and by this reference made a part hereof. After discussion, the votes were as follows: Aye: Dalrymple, Frazier, Knecht, Oldham, Reives, Sloan, and Smith Nay: None The Chair ruled the motion had been adopted unanimously. 2