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BK:00028 PG:0224
<br />No one signed up to speak during the Public Comments section of the meeting.
<br />The Board considered a request to hire a new Lee County Extension Director. Clinton McRae,
<br />District Extension Director for the South Central District of the NC Cooperative Extension told the Board
<br />that he recommended Bill Stone for the vacant positon. He also stated that in compliance with the
<br />Memorandum of Understanding, Extension Administration's recommendation needs approval from the
<br />Lee County Board of Commissioners before the appointment is considered official. Commissioner Smith
<br />moved to approve a Resolution Confirming Appointment of Bill Stone as Lee County Cooperative
<br />Extension Director, a copy of which is attached to these Minutes and by this reference made a part
<br />hereof. Upon a vote, the results were as follows:
<br />Aye: Dalrymple, Frazier, Knecht, Oldham, Reives, Sloan, and Smith
<br />Nay: None
<br />The Chair ruled the motion had been adopted unanimously.
<br />Ms. Victoria Whitt, CEO of the Sandhills Center completed the required paperwork to appear
<br />before the Board. Ms. Whitt presented the Sandhills Center budget funding request for the upcoming
<br />year, with no increase, for an allocation of $240,000.00. Ms. Whitt stated based on a review of the
<br />current fiscal situation that impacts the State and counties, it was decided that the Center would not
<br />request an increase in County General Funding from any of the counties they serve. This continues their
<br />practice of not requesting an increase in the past 12 years. Ms. Whitt also presented program updates
<br />and answered questions from the Board. A copy of their Quarterly and Annual Reports were also
<br />provided as reference. Ms. Whitt also stated changes were coming down from the State that she and her
<br />board are monitoring. No action was taken.
<br />County Manager John Crumpton presented his recommended FY 2016-17 Budget. In
<br />accordance with the North Carolina Budget and Fiscal Control Act, the County Manager (Budget Officer)
<br />is required to submit the recommended Budget to the Board of Commissioners prior to June 1St of each
<br />year. Commissioner Frazier moved to schedule a public hearing for 6 p.m., Monday, May 16, 2016, to
<br />hear comments from the public on the proposed Budget. Upon a vote, the results were as follows:
<br />Aye: Dalrymple, Frazier, Knecht, Oldham, Reives, Sloan, and Smith
<br />Nay: None
<br />The Chair ruled the motion had been adopted unanimously.
<br />The Board considered a Resolution Providing for Sale and Issuance of $5,000,000 General
<br />Obligation Community College Bond Anticipation Note, Series 2016. Finance Director Lisa Minter stated
<br />that in November 2014 voters approved $23,000,000 in bonds for various Community College projects.
<br />While the College is working to complete the design of the projects and get all necessary approvals, it
<br />does not appear the projects will be ready to bid in time for the bonds to be issued in FY 2015-16.
<br />Therefore, the County would like to issue a $5,000,000 General Obligation Bond Anticipation Note (BAN)
<br />to cover costs incurred to date and up to the point of bond issuance. The bond anticipation note will be
<br />paid off with proceeds from the bond sale. The County's financial advisors, Davenport & Company, took
<br />bids for a direct bank loan for the BAN in March 2016 and received two bids. First Citizens offered the
<br />lowest rate at 1.04% and met the bid's requirement as far as due date and no prepayment penalties. To
<br />move ahead, the Board of Commissioners needs to adopt a Resolution providing for the sale and
<br />issuance of a $5,000,000 Bond Anticipation Note. Ms. Minter introduced the Resolution Providing for the
<br />Sale and Issuance of a $5,000,000 General Obligation Community College Bond Anticipation Note,
<br />Series 2016, and Commissioner Reives moved approval of the Resolution, a copy of which is attached to
<br />these Minutes and by this reference made a part hereof. Upon a vote, the results were as follows:
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