2003 - 09-15-03 Regular Meeting - Laserfiche WebLink

Home Browse Search

Aft ado,, 19 P,GE 536 pay increase and study the matter in the 2004-05 budget process. After further discussion, Commissioner Reives made a substitute motion to table the matter. Upon a vote of the substitute motion, the results were as follows: Aye: Lemmond, Matthews, and Reives Nay: Adams, Hincks, Paschal, and Stevens The Chairman ruled the motion failed with a four to three vote. Upon a vote of the original motion, the results were as follows: Aye: Adams, Hincks, Matthews, Paschal, Reives, and Stevens Nay: Lemmond The Chairman ruled the motion had been adopted by a six to one vote. The Board considered matters pertaining to the financing of the new high school project and emergency services project. County Attorney K. R. Hoyle told the Board a resolution needed to be adopted approving the installment contract financing for the public school and conmmunity college projects in an amount up to $27,500,000. The resolution would included the (1) Installment Financing Contract, (2) Indenture of Trust, (3) Decd of Trust, (4) Lease Agreement, (5) Construction and Acquisition Agreement, (6) Preliminary Official Statement, and (7) Certificate Purchase Agreement. Chairman Hincks introduced the resolution and Commissioner's Hincks, Adams and Stevens took turns reading the resolution aloud as required. Chairman Hincks moved to approve the Resolution Approving Installnnent Contract Financing for Public School and Community College Projects in an Aggregate Principal Amount up to .527,500, 000 and the Execution and Delivery by the Gee County Development Corporation of Certificates of Participation Related Thereto, Authorizing the Execution and Delivery of Related Documents in Connection Therewith, and Prowding for Certain Other Related Matters, a copy of which is attached to these minutes and by this reference made a part hereof. Commissioner Stevens seconded the motion, and upon a vote, the results were as follows: Aye: Adams, Hincks, Lemmond, Matthews, Paschal, Reives, and Stevens Nary: None The Chairman ruled the motion had been adopted unanimously. The Board considered an agreement between the City of Sanford and Downtown Sanford, Inc. for the County owned parking lot located on the corner of Steele Street and Cole Street across from the Parks and Recreation Office. County Attorney K. R. Hoyle discussed with the Board the agreement between the County of Lee and the City of Sanford whereas the City of Sanford proposes to lease the parking lot from the County on condition that they can sublease the lot to Downtown Sanford, Inc. Mr. Hoyle discussed minor revisions that need to be made to the agreement. After some discussion, Commissioner Lemmond moved to approve the agreement between the City of Sanford 4