Agenda Package - 12-03-07 - Laserfiche WebLink

Home Browse Search

EE COUNTY `*.yYS ftd ik .n Y v- Committed Today for a Better Tomorrow .f MINUTES OF THE SPECIAL CALLED METING OF THE BOARD OF COMMISSIONERS FOR THE COUNTY OF LEE, STATE OF NORTH CAROLINA NOVEMBER 15, 2007 The special called meeting of the Board of Commissioners for the County of Lee, State of North Carolina, convened at 4:00 p.m. in the Commissioners' Room, Lee County Government Center, 106 Hillcrest Drive, Sanford, North Carolina, on said date. Commissioners present were Robert H. Brown, James C. Kelly, Jerry M. Lemmond, Nathan E. Paschal. Robert T. Reives. Linda A. Shook, and Kirk D. Smith. Chairman Brown called the meeting to order and the following business was transacted: County Attorney K. R. Hoyle delivered the invocation. The pledge of allegiance was recited. County Attorney K. R. Hoyle discussed with the Board an offer from an anonymous donor to donate a large amount of stock valued at more than $450,000 that will be used to purchase real property for land adjoining an existing park in the County. If the Board elects to accept the offer, an account will be opened with Davenport and Company for the receipt of said stock which will be sold as soon as it is credited to the County's account. Upon receipt of the funds from the sale of stock, the County Manager will be asked to purchase the real property and pay the purchase price from the proceeds of the sale of shares of stock. Mr. Hoyle further stated the County Manager will be asked to report to the Board at their first meeting in December the details of the sale of property and a full and complete accounting of the expenditure of funds with respect to the transaction. After some discussion, Commissioner Shook moved to table the matter until more information could be furnished. Upon a vote, the results were as follows: Aye: Shook and Smith Nay: Brown, Kelly, Lemmond, Paschal, and Reives The Chairman ruled the motion failed with a five to two vote. 0