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0 0 <br />BOOK 21 PAGE 480 <br />Ms. Sue Tipton <br />Ms. Helen cotton <br />Chairman Brown closed the public hearing. <br />At this time the Board conducted a work session on the Capital <br />Improvement Program (CIP) for 2008-2012. The work session took place in the <br />Commissioners' Room, Lee County Government Center, 106 Hillcrest Drive, <br />Sanford, North Carolina. Finance Director and Interim County Manager Lisa <br />Minter told the Board staff needed instructions on how to structure the CIP. The <br />County can finance an additional $2 million without raising taxes; more than that <br />will warrant a tax increase. The CIP will have to be adopted before a budget can <br />be approved for FY 2007-2008. <br />Mr. Bill Tatum, Chairman of the Board of Education answered questions <br />from the Board of Commissioners in reference to revised financial information <br />furnished to Ms. Minter that reflected current county procedures requiring that all <br />capital requests less than $500,000 appear on the annual capital outlay request. <br />The projected costs for restoration of Lee County High School had also been <br />adjusted to reflect Jimmy Hite's proposal. <br />Assistant County Manager Kenny Cole discussed needed repairs for the <br />San-Lee Dam and the permitting process currently underway for three (3) <br />streams located at the new Industrial Park. Mr. Cole stated that he and County <br />Attorney K. R. Hoyle are in negotiations with ms consultants, inc. in reference to <br />remediation at the Industrial Park. <br />After further discussion, Commissioner Stevens moved for the Finance <br />Committee to meet and present a recommendation to the full Board in reference <br />to the CIP. (Finance Committee members include Commissioner Robert Reives, <br />Commissioner Bob Brown, Commissioner Jamie Kelly, and Finance Director and <br />Interim Manager Ms. Lisa Minter). Upon a vote, the results were as follows: <br />Aye: Brown, Kelly, Lemmond, Reives, Shook, and Stevens <br />Nay: None <br />Absent: Paschal <br />The Chairman ruled the motion had been adopted unanimously. <br />With no further business to come before the Board, Commissioner Kelly <br />moved to adjourn the meeting. Upon a vote, the results were as follows: <br />Aye: Brown, Kelly, Lemmond, Reives, Shook, and Stevens <br />Nay: None <br />Absent: Paschal <br />7 <br />