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BGOX 19 PacF 247 <br />Ted Cole and Robert High from Davenport & Company LLC presented to the <br />board a capital funding analysis for the new $23 million high school project and the <br />second community college project that will cost $2.5 million. <br />The board recessed at 12:00 noon and had lunch with department heads. <br />Following lunch, the meeting resumed at 1:00 o'clock p.m. with all members present. <br />Mr. Cole and Mr. High continued their long term capital project discussion at this <br />time. <br />At 2:00 o'clock p.m. the board met jointly with members of the Lee County <br />Board of Education. Mr. Cole and Mr. High presented the capital financing strategies to <br />both boards and the School Board presented their ten-year Capital Facilities Plan. <br />Commissioner Reives moved to adjourn the meeting. Upon a vote, the results <br />were as follows: <br />Aye: Adams, Hincks, Lemmond, Matthews, Paschal, Reives, and Stevens <br />Nay: None <br />The Chainnan ruled the motion had been adopted unanimously and the meeting <br />adjounmed in keeping with the motion. <br />Herbert A. Hincks, Chairman <br />NORTH CAROLINA, LEE COUNTY <br />Pr c' ed for registration on the 9 day <br />0 20V2 et Q.: o oAM/PM <br />rec rded in Book Page <br />Nellie W. Thomas, Register of Deeds <br />2 <br />